The Real Deal Miami

NetJets founder sells Jupiter mansion – once owned by Céline Dion – at a loss

Jersey buyer purchased waterfront home at 20% discount
By Katherine Kallergis | November 22, 2017 09:45AM

UPDATED, 5:45 p.m., Nov. 29: The founder of NetJets, a precursor to companies like JetSmarter and JetSuiteX, just took off from his waterfront Jupiter mansion – a home once owned by Céline Dion.

Property records show Richard and Margaret Santulli sold their home at 370 Eagle Drive to Stateside Investments Limited, a company with a Jersey address, for $5.73 million.

The nine-bedroom, nearly 15,000-square-foot estate was listed for about six months with Rob Thomson of Waterfront Prop. & Club Communities. It was on the market for $7 million and closed at a 20 percent discount. One Sotheby’s International Realty’s Brian Coffey represented the buyer, according to a spokesperson.

The property features a master suite, hand-painted sinks, a stained glass dome skylight, five fireplaces, marble and wood floors, a full-house generator and home theater, according to the listing. Records show Dion’s late husband, René Angéli, owned it from 1996 to 2002. In May, the Grammy-winning singer-songwriter finally sold her oceanfront estate on Jupiter Island for $28 million.

The Santullis paid $9 million for the Jupiter mansion in 2002, which means they sold it at a loss. Richard Santulli founded NetJets, a company that pioneered the timeshare concept for business jets. In the late 1990s, he sold the company to Warren Buffett’s Berkshire Hathaway for $725 million.

Single-family home sales in Palm Beach County fell 3.8 percent to 1,261 closings last month, according to the Florida Realtors.