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

Miami /
Sep.September 23, 2017 11:15 AM

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
Todd Glaser with 210 Via Del Mar
Todd Glaser buys Palm Beach “forever home” for $24M
Todd Glaser buys Palm Beach “forever home” for $24M
830 Brickell and 401 E Las Olas Blvd (Google Maps)
Lease roundup: Thoma Bravo signs major lease in Brickell & more
Lease roundup: Thoma Bravo signs major lease in Brickell & more
W. Allan Jones and 320 Island Road, Palm Beach (Wikipedia Commons, Google Maps)
Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Todd Glaser with 576 Island Drive (Google Maps, Todd Glaser)
Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
228 Via Las Brisas and Maximo Haddad. (Compass, Global Industries via YouTube)
Mexican construction tycoon sells Palm Beach mansion for $23M
Mexican construction tycoon sells Palm Beach mansion for $23M
Ed and Jackie Rabin with 505 South County Road, Palm Beach (Patrick McMullan/Getty, Google Maps)
Former Hyatt Hotels president buys Palm Beach home for nearly $6M
Former Hyatt Hotels president buys Palm Beach home for nearly $6M
Clockwise from top left: 1500 West 21st Street in Miami Beach, 259 Pendleton Avenue in Palm Beach, 1221 North Lake Way in Palm Beach, 215 Indian Road in Palm Beach and Todd Glaser (Google Maps)
Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
arrow_forward_ios

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

Loading...