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

TRD MIAMI /
Sep.September 23, 2017 11:15 AM

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


Related Articles

arrow_forward_ios
South Florida Resi Contracts Up in July (Credit: iStock)

South Florida resi contracts continued to rise in July

South Florida resi contracts continued to rise in July
350 Indian Road and (inset) Frank H. Kenan (Realtor, Kenan Institute)

Scion of Kenan family sells Palm Beach mansion for $8M

Scion of Kenan family sells Palm Beach mansion for $8M
113 Clarke Avenue, Peter J. Wood, Edwin Lin (Realtor.com)

Citadel hedge fund exec buys Palm Beach home for $10M

Citadel hedge fund exec buys Palm Beach home for $10M
Schuyler Tilney and 222 Ridgeview Drive (Linkedin, Sotheby's)

Got the power: Energy investor and former Enron exec pay $7M for Palm Beach house

Got the power: Energy investor and former Enron exec pay $7M for Palm Beach house
1744 South Ocean Boulevard (Credit: Google Maps and iStock)

Oceanfront Palm Beach estate trades for $51M

Oceanfront Palm Beach estate trades for $51M
Rendering of 259 Pendleton Ave. with Jonathan Fryd, Todd Glaser and Scott Robins (Glaser by Mary Beth Koeth)

Todd Glaser, partners buy Palm Beach lot to build spec home

Todd Glaser, partners buy Palm Beach lot to build spec home
920 North Lake Way, Jeffrey Marcus of Marcus Cable, and Patrick Ryan of Press Ganey (Credit: Google Maps)

Cable mogul buys waterfront Palm Beach home for $16M

Cable mogul buys waterfront Palm Beach home for $16M
Bon Jovi and 1075 North Ocean Boulevard (Getty, Realtor)

Bon Jovi pays $43M for oceanfront Palm Beach estate

Bon Jovi pays $43M for oceanfront Palm Beach estate
arrow_forward_ios

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

Loading...