Palm Beach spec home under contract for $39.5M

First of two neighboring Pulte-built homes to sell on Billionaires' Row

TRD MIAMI /
Mar.March 24, 2017 12:00 PM

A newly built five-bedroom spec home on the exclusive section of South Ocean Boulevard known as “Billionaires’ Row” in Palm Beach is in contract and will close next month for $39.5 million, according to sources close to the deal.

The 14,704 square-foot, lakefront mansion at 1330 South Ocean Boulevard comes fully furnished, features a spacious master suite and bathroom with dual his-and her toilets. It is selling for its asking price.

The buyers could not yet be identified.

The home is the first of two spec homes to sell, built by luxury home developer Mark Pulte of Mark Timothy, side-by-side, each on roughly 1-acre lots.

In 2014, Pulte bought the lots, which were formerly part of the Casa Apava estate, for a total of $24.9 million. Benjamin Schrier of Affinity Architects designed both Mediterranean-style stone homes. Mark Thee of Marc-Michaels Interior Design designed the interiors.

The second, slightly larger 16,787-square-foot home at 1340 South Ocean, is listed for $42.5 million. Both homes have 180 feet of lakefront. Both have infinity pools, and a private dock that open to views of islands designated as bird sanctuaries on the Intracoastal Waterway.

Palm Beach broker Lawrence Moens has held both listings since the homes hit the market in November. The two properties are currently flanked by empty lots.

Fox News founder and former chairman Roger Ailes paid $36 million for another Mark Pulte spec home at 6 Ocean Lane in September. Ailes’ six-bedroom, 12,747-square-foot, two-story house was completed last year and includes interiors by Marc-Michaels Interior Design, marble and wood floors, an oceanfront pool and Jacuzzi and a guest home. Moens was also the listing agent for that home.

That deal marked the fourth new house to sell for more than $30 million in less than a year, including a spec mansion at 1695 North Ocean Way, which sold for $44 million in March 2016.


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...