Oceanfront home in Palm Beach listed for $49.5M may have a buyer

A potential buyer is under contract to purchase an oceanfront house in Palm Beach listed for sale for $49.5 million.

The Palm Beach Daily News reported that the purchase  contract was disclosed in an updated listing for the house at 1473 North Ocean Drive in Palm Beach.

It served as a vacation home for Diane Halle and her deceased husband, billionaire Bruce T. Halle, the founder of Discount Tire Co., who died Jan. 4 at age 87.

Cristina Condon and Todd F. Peter, agents of brokerage firm Sotheby’s international Realty, updated the listing for the house in the Palm Beach Board of Realtors Multiple Listing Service to show that a potential buyer has been under contract to purchase the property since mid-January.

Condon declined to disclose the contractual purchase price or the timing of a potential closing.

The main house and a guest house with four bedrooms and a pool cabana were built on a lot that measures almost two acres and has 156 feet of frontage on the ocean. The main house and guest house have a combined total of 17,804 square feet of living space.

The Halles bought the property on North Ocean Drive in 2012 for $41.5 million. [Palm Beach Daily News] – Mike Seemuth