Owners who once asked $89.5M for a Palm Beach mansion pull it off the market

They lowered their asking price several times for the never-occupied beachfront residence at 1071 North Ocean Boulevard, which spans 35,933 square feet

Jun.June 16, 2018 11:00 AM

1071 North Ocean Boulevard in Palm Beach (Credit: Coldwell Banker Homes)

Three years after listing the property for sale with an asking price of $84.5 million, the owners of a never-occupied mansion on a beachfront site in Palm Beach pulled it off the market.

The asking price was down to $59.9 million when the listing for the 35,933-square-foot house at 1071 North Ocean Boulevard was canceled June 8.

The owners had lowered the asking price several times since listing the eight-bedroom residence for sale in March 2015.

Broker Christian Angle had the listing for the mansion, reportedly built as a custom home for Vahan and Danielle Gureghian, who are both Philadelphia-based attorneys. A trust connected to the attorneys owns the property.

Angle told the Palm Beach Daily News that the Gureghians are “considering their options,” including possibly moving into the house.

The eight-bedroom house has seven bathrooms and 10 half-bathrooms. It also has dual ocean balconies, a grand salon, game room, library, pub room, home theater and massage room. [Palm Beach Daily News] – Mike Seemuth

Related Articles

670 Island Drive and Paul Shiverick (Credit: Getty Images) 

Hedge funder sells Palm Beach home for $19M

Todd Glaser and the home

Todd Glaser venture sells Palm Beach spec home for $9M

134 El Vedado Road (Credit: iStock)

Developer sells Palm Beach estate for $14M

800 South County Road (Credit: Realtor)

Mizner estate in Palm Beach sells for $24M

Nirka Burns Padilla and Martin Conroy 

Movers & Shakers: Palm Beach broker leaves William Raveis for Douglas Elliman & more

Mark Wilf, and 310 Atlantic Avenue (Credit: Getty Images and Realtor)

Co-owner of Minnesota Vikings sells Palm Beach townhome

Roger Hertog and The Bristol in West Palm Beach (Credit: Getty Images)

Investment honcho pays $14M for condo at The Bristol

225 Indian Road

10th most expensive home sale of the year closes in Palm Beach