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

Couple plans on downsizing to another custom-built home nearby

TRD 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
756 Hi Mount Road (Credit: Google Maps)

Lakefront Palm Beach home sells for $15M

Lakefront Palm Beach home sells for $15M
270 Queens Lane and Audrey McNiff (Credit: Google Maps)

Ex-Goldman Sachs partner buys Palm Beach home

Ex-Goldman Sachs partner buys Palm Beach home
Cody Crowell, Via Flagler at the Breakers

Frisbie exec snags condo at Via Flagler at the Breakers in Palm Beach

Frisbie exec snags condo at Via Flagler at the Breakers in Palm Beach
Steve Schonfeld, Bellaria condominium complex (Credit: Google Maps)

Hedge funder Steven Schonfeld sells Palm Beach condo

Hedge funder Steven Schonfeld sells Palm Beach condo
110 Atlantic Avenue, Scott Schuster (Credit: Google Maps)

Healthcare entrepreneur sells Palm Beach home for $8M

Healthcare entrepreneur sells Palm Beach home for $8M
Peter Brant, Robert S. Taubman, and 1820 South Ocean Boulevard (Credit: Sylvain Gaboury/Patrick McMullan, John Sciulli, via Getty Images, and Google Maps)

Taubman family sells Palm Beach estate to paper mogul for $47M

Taubman family sells Palm Beach estate to paper mogul for $47M
Keith Frankel and 169 Everglades Avenue (Credit: Realtor.com, MidOcean)

Former Subway exec buys Palm Beach house

Former Subway exec buys Palm Beach house
1120 North Lake Way (Credit: Google Maps)

Trust of taxi magnate’s wife picks up waterfront Palm Beach home for $13M

Trust of taxi magnate’s wife picks up waterfront Palm Beach home for $13M
arrow_forward_ios

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

Loading...