Casino developer lists Palm Beach mansion for $42M

He’s selling the home to be closer to a billion-dollar casino project in Reno, Nevada

TRD MIAMI /
May.May 30, 2019 04:30 PM
Jeffrey Jacobs of Jacobs Entertainment and his North Palm Beach mansion

Jeffrey Jacobs of Jacobs Entertainment and his North Palm Beach mansion

Ohio real estate scion and casino developer Jeffrey Jacobs is looking to sell his North Palm Beach estate for $42 million.

Jacobs, chairman and chief executive of Jacobs Entertainment, a developer of gambling and entertainment properties, is selling his 18,852-square-foot, nine-bedroom mansion at 12088 Banyan Road. He wants to be closer to a billion-dollar casino project he’s developing in Reno, Nevada, according to the Wall Street Journal.

Jacobs’ family owned the Cleveland Indians from 1986 until the early 2000s. They also previously owned the Pier House Resort & Spa in Key West.

Jacobs bought the North Palm Beach property in 2011, and knocked down two smaller homes to build his mansion. The waterfront property includes a safe room, which doubles as a hidden art gallery and movie theater, a telescope on the roof, a pool, 190 feet of ocean frontage and a garage that currently houses Jacobs’ car collection.

Elizabeth Zahra and Gary Pohrer of Douglas Elliman are the listing agents.

The property is near the Seminole Golf Club, and down the street from the home of Tiger Woods’ ex-wife Elin Nordegren in Seminole Landing.

Jacobs Entertainment led the development of Cleveland’s waterfront district, known as the Nautica Entertainment Complex. The family also developed a number of apartment projects in Cleveland. [WSJ]Katherine Kallergis 


Related Articles

arrow_forward_ios
Tad Smith and 250 Indian Road (Courtesy of Sotheby's, Realtor)

Former Sotheby’s CEO buys Palm Beach home for $8M

Former Sotheby’s CEO buys Palm Beach home for $8M
Joseph McMillan, CEO of DDG, and Kerry Warwick with 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean

Corcoran takes over sales of 3550 South Ocean
1556 North Ocean Boulevard (Credit: Google Maps)

Wife of South Florida builder sells Palm Beach spec home for $7M

Wife of South Florida builder sells Palm Beach spec home for $7M
Yongmee Michele Kang and 101 Worth Avenue in Palm Beach

Venture capital firm founder buys Palm Beach condo for $6M

Venture capital firm founder buys Palm Beach condo for $6M
Neil Bluhm with 215 Brazilian Avenue (Credit: CLINT SPAULDING/Patrick McMullan via Getty Images)

Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse

Billionaire real estate, casino magnate Neil Bluhm buys Palm Beach townhouse
225 Arabian Road & E. Llwyd Ecclestone III (Realtor, Linkedin)

Homebuilder sells Palm Beach spec house for $6M

Homebuilder sells Palm Beach spec house for $6M
980 South Ocean Boulevard & Jane Holzer (Credit: Google Maps. and Jared Siskin/Patrick McMullan via Getty Images)

Family of Warhol muse Jane Holzer buys Palm Beach home for $8M

Family of Warhol muse Jane Holzer buys Palm Beach home for $8M
Christopher Sinclair and 309 Dunbar Road, Palm Beach (Wikipedia, Realtor)

Child’s play: Former Mattel CEO pays $10M for Palm Beach house

Child’s play: Former Mattel CEO pays $10M for Palm Beach house
arrow_forward_ios

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

Loading...