Pharmaceutical heir wants $27M for custom manse in Palm Beach

Miami /
Sep.September 09, 2016 03:10 PM

Merck pharmaceutical heir George Merck and his wife Adele have officially listed their custom-built lakefront house in Palm Beach for $27 million.

The couple is selling the mansion at 1197 North Lake Way, which they built for themselves in 2009 after demolishing the property’s previous 1930s-era home, according to the Palm Beach Daily News.

Measuring 14,310 square feet, the estate has six bedrooms, eight bathrooms and a Northeastern-style architecture that’s an unusual find in Palm Beach. It occupies a three-quarter-acre lot overlooking Lake Worth and boasts enough dock space to fit a 100-foot yacht.

The Mercks aren’t through with Palm Beach, however. According to the Daily News, they are simply downsizing to a much smaller 5,300-square-foot home they’ve received plan approvals for at 167 Seagate Avenue.

Brown Harris Stevens’ Liza Pulitzer and A. Whiteny McGurk are the listing agents. The asking price breaks down to just under $1,887 per square foot.

George F. Merck is son of the late George W. Merck, a former executive of the Merck pharmaceutical company. According to its website, the firm raked in $39.5 billion in revenue during the last year. [Palm Beach Daily News]Sean Stewart-Muniz


Related Articles

arrow_forward_ios
Suzanne Frisbie and Corcoran CEO Pam Liebman (Corcoran)
Suzanne Frisbie returns to Corcoran in Palm Beach
Suzanne Frisbie returns to Corcoran in Palm Beach
(Christian J. Angle Real Estate)
Waterfront Palm Beach home sells for $33M after nearly 30 years in family’s hands
Waterfront Palm Beach home sells for $33M after nearly 30 years in family’s hands
232 Bahama Lane in Palm Beach, Jeffrey A. & Erica R. Keswin (middle) and Scott Goodwin & Kimberly Goodwin (right) (Photos via Compass, Facebook, Getty, Lyrical AM)
Hedge funders galore: One flips Palm Beach home to another for $7M
Hedge funders galore: One flips Palm Beach home to another for $7M
Igor Tulchinsky and 12088 Banyan Road (Getty, Douglas Elliman)
Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Cosmetic mogul Adrien Arpel and the Palm Beach home. (Getty, Frankel Ball Realty)
Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
Late chairman and CEO of Affiliated Managers Group Sean Healey. (AMG, Compass)
Late investment tycoon’s estate sells beachfront manse for $35M
Late investment tycoon’s estate sells beachfront manse for $35M
Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
Financial adviser and interior designer buy waterfront West Palm Beach house 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...