Oceanfront Palm Beach spec mansion hits the market, asking record $140M

Company tied to luxury homebuilder Mark Pulte built the estate and is selling it

Miami /
Jan.January 11, 2021 06:10 PM
535 North County Road (Palm Beach Property Appraiser)

535 North County Road (Palm Beach Property Appraiser)

An oceanfront spec mansion in Palm Beach hit the market for $140 million, marking the most expensive residential listing in South Florida.

Before the estate at 535 North County Road was built, it was part of a larger property that President Donald Trump sold in 2008 for $95 million. Trump sold the property to Russian billionaire Dmitry Rybolovlev in 2016, who knocked down the previous mansion and subdivided the land.

In 2018, Rybolovlev sold the Palm Beach lot to a company tied to spec home developer Mark Pulte of Mark Timothy Inc. for $37 million. Lawrence Moens of Lawrence A. Moens Associates has the listing, according to the Palm Beach Daily News, citing information on the Multiple Listing Service. Moens, a top broker in Palm Beach, also has an investment interest in the 2-acre, 15,350-square-foot mansion.

The $140 million price tag includes furniture. The property, with a separate guest house, has nine bedrooms, an oceanfront swimming pool, a gym, sauna and hair salon. William M. Boyle of Boyle Architecture designed the house. The lot has 150 feet of shoreline.

Rybolovlev sold the three lots for nearly $109 million, about $14 million more than Trump’s sale price.

Neighbors include billionaire investor Nelson Peltz, who co-founded Trian Fund Management, an alternative investment management fund based in New York.

The Ziff estate at 2000 South Ocean Boulevard in Manalapan is the second most expensive listing in South Florida at $115 million, according to Realtor.com.

[Palm Beach Daily News] – Katherine Kallergis






    Related Articles

    arrow_forward_ios
    Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
    Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
    Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
    Thomas Iovino and the Palm Beach property (Iovino via LinkedIn, Brown Harris Stevens via Realtor)
    Construction chief buys flipped Palm Beach spec mansion for $18M
    Construction chief buys flipped Palm Beach spec mansion for $18M
    Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
    Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
    Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
    Todd Michael Glaser with 10 Tarpon Isle (Todd Michael Glaser)
    Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
    Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
    Moving on up: Wealth manager upgrades to $15M Palm Beach home
    Moving on up: Wealth manager upgrades to $15M Palm Beach home
    Moving on up: Wealth manager upgrades to $15M Palm Beach home
    David Salomon and 229 Ridgeview Drive, Palm Beach (Google Maps)
    Wealth manager sells Palm Beach house for $9M
    Wealth manager sells Palm Beach house for $9M
    Gigi and Averell Mortimer and 255 El Pueblo Way, Palm Beach (Getty, Google Maps)
    Averell and Gigi Mortimer buy Palm Beach home for $7M
    Averell and Gigi Mortimer buy Palm Beach home for $7M
    Frank Strausser and 365 North County Road, Palm Beach (Twitter, Google Maps)
    Playwright sells Palm Beach home for $18M
    Playwright sells Palm Beach home for $18M
    arrow_forward_ios

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

    Loading...