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Billionaire cuts asking price for Palm Beach estate by $22M

Netscape co-founder Jim Clark lowered the asking price from $137 million to $115 million and put his estate in the local multiple listing service
September 23, 2017 11:15AM

Aerial view of 1500 South Ocean Boulevard (Credit: Andy Frame) and Jim Clark (inset)

Billionaire Jim Clark, co-founder of Internet browser company Netscape Communications, cut the asking price for his Palm Beach estate by $22 million to $122 million.

Clark also put his estate in the local multiple listing service for the first time since August 2016, when he started trying in to sell it in an off-market deal.

Even after cutting his original $137 million asking price by $22 million, Clark’s estate at 1500 South Ocean Boulevard is the most expensive property in the Palm Beach Board of Realtors Multiple Listing Service.

The 5.5-acre property is an ocean-to-lake estate with a six-bedroom house, a two-bedroom guest house and a two-bedroom beach house, accessible via a tunnel under South Ocean Boulevard.

The property has 68,831 square feet of indoor and outdoor living space, 340 linear feet along the Atlantic Ocean and 360 feet along the Intracoastal Waterway.

The listing agent for the estate is Cristina Condon of Sotheby’s International Realty. [Palm Beach Daily News]Mike Seemuth