Billionaire hedge funder may spend $6.4M to upgrade Palm Beach estate

Billionaire hedge fund operator Paul Tudor Jones II plans improvements to his oceanfront estate in Palm Beach that could cost up to $6.4 million.

Rabideau Law, the law firm of real estate lawyer Guy Rabideau, disclosed Jones’ seven-figure, home-improvement plan, in the May edition of its monthly report on real estate in Palm Beach.

Construction contractor Woolems Inc. is working with architect Allan Shope on the improvements to Jones’ estate at 1300 South Ocean Boulevard, called Casa Pava.

The improvements to Casa Pava will include renovation of the Palm Beach property’s interior and exterior and construction of a new spa.

Jones paid $71 million to buy Casa Pava in 2015. Since then, he and his wife Soni have obtained permits for other upgrades to the 5.3-acre estate, including work on the property’s basketball and tennis court. [Palm Beach Daily News] – Mike Seemuth