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

The property on North Ocean Drive served as a vacation home for a billionaire who died Jan. 4 and his widowed wife

Miami /
Feb.February 24, 2018 12:30 PM

1473 North Ocean Drive in Palm Beach (Credit: Realtor.com)

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


Related Articles

arrow_forward_ios
232 Bahama Lane in Palm Beach, Jeffrey A. & Erica R. Keswin (middle) and Scott Goodwin & Kimberly Goodwin (right) (Photos via Compass, Facebook, Getty, Lyrical AM)
Hedge funders galore: One flips Palm Beach home to another for $7M
Hedge funders galore: One flips Palm Beach home to another for $7M
Igor Tulchinsky and 12088 Banyan Road (Getty, Douglas Elliman)
Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
Cosmetic mogul Adrien Arpel and the Palm Beach home. (Getty, Frankel Ball Realty)
Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
Late chairman and CEO of Affiliated Managers Group Sean Healey. (AMG, Compass)
Late investment tycoon’s estate sells beachfront manse for $35M
Late investment tycoon’s estate sells beachfront manse for $35M
Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
Janice McNair and 425 Worth Avenue. (Getty, Compass)
Houston Texans’ billionaire owner sells Palm Beach co-op for $5M
Houston Texans’ billionaire owner sells Palm Beach co-op for $5M
arrow_forward_ios

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

Loading...