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

Miami /
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

arrow_forward_ios
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Palm Beach mansion sells for $25M
Palm Beach mansion sells for $25M
Palm Beach mansion sells for $25M
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Palm Beach condo sale sets record at $18M, or $4,700 per foot
Palm Beach condo sale sets record at $18M, or $4,700 per foot
Palm Beach condo sale sets record at $18M, or $4,700 per foot
Real estate agent Gary Pohrer buys oceanfront Palm Beach home for $6M
Real estate agent Gary Pohrer buys oceanfront Palm Beach home for $6M
Real estate agent Gary Pohrer buys oceanfront Palm Beach home for $6M
Berkshire Hathaway EWM expands to Palm Beach
Berkshire Hathaway EWM expands to Palm Beach
Berkshire Hathaway EWM expands to Palm Beach
Private equity honcho sells Palm Beach home for $23M
Private equity honcho sells Palm Beach home for $23M
Private equity honcho sells Palm Beach home for $23M
Vad Yazvinski of Jordan Capital AM with the property (Jordan, LoopNet)
Allstate Investments reels in $12M for office-retail plaza in West Palm
Allstate Investments reels in $12M for office-retail plaza in West Palm
arrow_forward_ios

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

Loading...