New Palm Beach mansion listed for $61.5M

The ocean-to-lake residence on Billionaires Row has 21,305 square feet of interior space and the fourth-highest asking price among listed Palm Beach properties

TRD MIAMI /
Jan.January 28, 2018 01:00 PM

1900 South Ocean Boulevard in Palm Beach (Credit” Andy Frame and Sothebys International Realty)

A new mansion in Palm Beach was listed for $61.5 million, the fourth-highest asking price among all properties listed for sale in the exclusive barrier-island enclave.

Located in a section of Palm Beach called Billionaires Row, the ocean-to-lake house at 1900 South Ocean Boulevard has 200 feet of oceanfront directly across the boulevard and 180 feet of lakefront on the west side of the property.

Construction of the three-level house is nearly complete as the “finishing touches” are applied, according to John P. Dewing of Sotheby’s International Realty, who shares the $61.5 million listing with another Sotheby’s agent, Morgan B. Atkins.

The listing states that the three-story house has 21,305 square feet of air-conditioned space. Its features include a library, a lounge and bar, and a fireplace-equipped family room that leads to a loggia and terrace overlooking the Lake Worth Lagoon.

The house has a guest wing with three bedrooms. The property also comes with a freestanding guest house.

Suzanne Frisbie, president of the Palm Beach Board of Realtors, told the Palm Beach Daily News that the asking price for the never-occupied house is competitive because it is under $3,000 per square foot of air-conditioned space.

Frisbie, an agent of Corcoran Group, also told the newspaper that the house is one of only 19 ocean-to-lake properties in Palm Beach.

Keith Frankel and his wife, Tammy, built the house. They briefly listed it for sale in 2014 with a pre-construction asking price of $65 million.

Frankel, president and CEO of New Jersey-based vitamin manufacturer VitaQuest International, bought the South Ocean Boulevard property in 2007 for $15.9 million. [Palm Beach Daily News] – Mike Seemuth


Related Articles

arrow_forward_ios
135 El Vedado Road (Compass)

TF Cornerstone affiliate pays $12M for Palm Beach mansion

TF Cornerstone affiliate pays $12M for Palm Beach mansion
Doug and Karin Waggoner with the property at 137 Woodbridge Road (Credit: Google Maps and Southern Methodist University)

Former BlackRock exec pays $9M for Palm Beach house with Mar-a-Lago membership included

Former BlackRock exec pays $9M for Palm Beach house with Mar-a-Lago membership included
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
arrow_forward_ios

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

Loading...