Netscape billionaire Jim Clark sells Palm Beach estate for $30M

Clark is reportedly the buyer of the Ziff estate in Manalapan

Miami /
Apr.April 13, 2021 06:00 PM
Jim Clark and 120 Jungle Road in Palm Beach (Getty, Douglas Elliman)

Jim Clark and 120 Jungle Road in Palm Beach (Getty, Douglas Elliman)

Billionaire Jim Clark sold a Palm Beach estate for $30.1 million.

Property records show Big Sky Property Holdings LLC sold the home at 120 Jungle Road to Ramrod LLC, which is linked to the California insurance company Word & Brown. Accountant Louis M. Cohen, who has been tied to Clark, signed the deed transferring ownership to the buyer.

In 2018, Clark sold his 5-acre estate at 1500 South Ocean Boulevard for $90 million to Kathryn and Leo A. Vecellio Jr. and Clark took over ownership of 120 Jungle Road from the Vecellios. The properties were swapped for an undisclosed amount.

Clark is a computer scientist and internet entrepreneur who co-founded Netscape in 1995. Leo Vecellio is president and CEO of the Vecellio Group, one of the largest contractors in the country, and owner of Ranger Construction Industries of West Palm Beach.

According to The Coastal Star, Clark is the buyer of the Ziff family’s estate in Manalapan, which sold in March for $94 million.

Lawrence Moens of Lawrence A. Moens Associates had the listing for 120 Jungle Road, according to Realtor.com. The property hit the market in 2018 for $30 million. The price was increased to $35 million in May of last year.

The 17,972-square-foot mansion has seven bedrooms and seven-and-a-half bathrooms. The property also has a four-car garage and a pool on nearly an acre of land.

A number of ultra high-end deals have closed in Palm Beach this year. Steve Wynn recently paid $24 million for a lakefront home, and the founder and president of a boutique hotel chain sold her waterfront estate for $57 million.





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