Palm Beach home listed for $30 million less than in 2014

The owners of 1744 S. Ocean Blvd. are asking $69.9 million, down from $99 million in 2014

Nov.November 25, 2017 11:00 AM

1744 S. Ocean Blvd. in Palm Beach

The owners of the priciest Palm Beach home listed for sale are asking $69.9 million after trying to sell for $30 million more in 2014.

Dr. Norman Traverse, a pulmonologist, and his wife, Nassrine, also offered their seven-bedroom Mediterranean estate with furnishings for $72.5 million.

In 2014, the couple listed their sprawling residence for sale through the Corcoran Group brokerage firm with a $99 million asking price before abruptly pulling the property off the market after a few months.

Broker Linda Gary of Linda Gary Real Estate has the listing for the residence at 1744 South Ocean Boulevard, about a mile south of the Mar-A-Lago resort in a section of Palm Beach called Billionaires Row.

The residence has about 23,000 square feet of interior space, built on an ocean-to-lake site that measures almost two acres.

The listing for the Billionaires Row residence became public in the local Multiple Listing Service just before Thanksgiving, when the high-end home shopping season starts in South Florida.

Previously, the priciest Palm Beach home listed for sale was a landmarked estate owned by Jim Clark, the billionaire founder of Netscape. But the listing has expired for his property at 1500 South Ocean Boulevard, which had an asking price of $115 million. [Palm Beach Daily News]Mike Seemuth

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