Netscape co-founder lists Palm Beach estate for $137M

Clark paid only $11 million for the 5.14-acre property in 1999

TRD MIAMI /
Aug.August 25, 2016 02:15 PM

Internet entrepreneur and computer scientist James Clark will list his waterfront, Mediterranean-style Palm Beach estate for $137 million.

Clark, a cofounder of Netscape and other Silicon Valley companies, is looking to sell the 1930s mansion with six bedrooms, an underground tunnel, a wine cellar with space for 20,000 bottles, and two elevators. In addition to the 60,350-square-foot house, Clark built a a two-bedroom beach house with an infinity swimming pool on the ocean side of the property, which is separated by Ocean Boulevard – but reachable via the tunnel.

Cristina Condon of Sotheby’s International Realty will list the estate, also known as Il Palmetto, at 1500 South Ocean Boulevard, according to the Wall Street Journal.  Condon told the newspaper the Clarks want to sell the property because they’re spending less time in Palm Beach.

Records show Clark paid only $11 million for the 5.14-acre property in 1999 and redeveloped and restored it over the course of four years, the Journal reported. Among the restorations? A “Moroccan Room,” a carved wooden ceiling in the living room and wine cellar carved out of limestone.

The listing puts it in the top 10 most expensive listings in the country. At No. 1 is the nearly Ziff family estate, which was listed for $195 million last year. And next up is Le Palais Royal, on the market for $159 million. The Ziff property also has its own underground tunnel, according to the Wall Street Journal. [WSJ] – Katherine Kallergis


Related Articles

arrow_forward_ios
Carl Esrey & 119 E Inlet Drive (Credit: Google Maps)

Real estate financier drops $6M on Palm Beach home

Real estate financier drops $6M on Palm Beach home
The late Kate Ford with 300 North Lake Way (Credit: William Jacobellis/New York Post Archives /(c) NYP Holdings, Inc. via Getty Images, and Google Maps)

Ford family estate in Palm Beach lists for $58M

Ford family estate in Palm Beach lists for $58M
Donald Burns and 1021 North Ocean Boulevard (Twitter, Realtor)

Telecom tycoon sells Billionaires Row teardown in Palm Beach for $28M

Telecom tycoon sells Billionaires Row teardown in Palm Beach for $28M
From left: The Bristol in West Palm Beach; 6431 Pine Tree Drive Circle, Miami Beach; 2325 Desota Drive, Fort Lauderdale; and 12520 Seminole Beach Road, North Palm Beach (Realtor, iStock)

South Florida signed resi contracts up in September: Elliman

South Florida signed resi contracts up in September: Elliman
11750 Turtle Beach Road, North Palm Beach (Realtor)

Billionaire businessman sells North Palm Beach mansion for $19M

Billionaire businessman sells North Palm Beach mansion for $19M
Tad Smith and 250 Indian Road (Courtesy of Sotheby's, Realtor)

Former Sotheby’s CEO buys Palm Beach home for $8M

Former Sotheby’s CEO buys Palm Beach home for $8M
Joseph McMillan, CEO of DDG, and Kerry Warwick with 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean
1556 North Ocean Boulevard (Credit: Google Maps)

Wife of South Florida builder sells Palm Beach spec home for $7M

Wife of South Florida builder sells Palm Beach spec home for $7M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...