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.






    Related Articles

    arrow_forward_ios
    Todd Glaser with 210 Via Del Mar
    Todd Glaser buys Palm Beach “forever home” for $24M
    Todd Glaser buys Palm Beach “forever home” for $24M
    O. Dean Jernigan and 1325 North Venetian Way, Miami Beach (Google Maps)
    Former self-storage CEO sells Venetian Islands home for $18M
    Former self-storage CEO sells Venetian Islands home for $18M
    (iStock)
    South Florida resi sales, prices jump in the first quarter
    South Florida resi sales, prices jump in the first quarter
    Gregory L. Clayman and 4750 Sanctuary Lane, Boca Raton (Linkedin, Google Maps)
    Video chat firm president buys waterfront Boca Raton home
    Video chat firm president buys waterfront Boca Raton home
    Christopher Brothers and 441 San Marco Drive in Fort Lauderdale (Maxim Group, Paterson Project Management)
    Owner of real estate brokerage sells waterfront Fort Lauderdale home for $5M
    Owner of real estate brokerage sells waterfront Fort Lauderdale home for $5M
    Thomas Moorehead and Mario Longhi with the Pinecrest home (Getty, David Hernandez/ Rews Miami for ONE Sotheby’s)
    Setting the bar: Luxury car dealer pays record price for Pinecrest home
    Setting the bar: Luxury car dealer pays record price for Pinecrest home
    Andres Isaias and Alejandro Diaz-Bazan with 6385 Pinetree Drive Circle, Miami Beach (Google Maps)
    Andian Group buys waterfront Miami Beach estate for $19M
    Andian Group buys waterfront Miami Beach estate for $19M
    Dave Portnoy with the Morningside home (Getty, 5811 North Bayshore Drive/Dora Puig)
    Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
    Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
    arrow_forward_ios

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

    Loading...