German entrepreneur sells oceanfront Palm Beach estate for $110M

Property hit the market in March for $115M

Miami /
Jun.June 17, 2021 02:30 PM
Dr. Ernst A. Langner and Nataly Langner with their Palm Beach estate (Compass, Dr. E.A. Langner-Foundation)

Dr. Ernst A. Langner and Nataly Langner with their Palm Beach estate (Compass, Dr. E.A. Langner-Foundation)

German entrepreneur and philanthropist Dr. Ernst Langner sold his ocean-to-lake estate in Palm Beach for nearly $110 million, marking the second most-expensive residential sale to close on the island.

A trust managed by Langner sold the 15,954-square-foot mansion at 1840 South Ocean Boulevard for $109.6 million, property records show. The buyer was a trust named for the home’s address, and which is managed by attorney Ronald Kochman.

Langner is chairman of the advisory board at The Dr. E.A. Langner-Foundation, and his wife, Nataly, is chair of the board of directors.

The 2.7-acre property last sold in 2012 for $23.5 million. Langner demolished the previous home and completed the new estate in 2014.

The property was listed for sale in March for $115 million. Sandwiched between Lake Worth Lagoon and the Atlantic Ocean, the waterfront home has nine bedrooms, ten full bathrooms and three half-bathrooms, according to the listing.

Lawrence Moens of Lawrence A. Moens Associates represented the buyer and seller. Moens recently represented the seller of a $95 million estate in Palm Beach last month.

This deal is second to the $122.7 million closing of an oceanfront mansion earlier this year. Private equity titan Scott Shleifer purchased the spec home at 535 North County Road.

High-end home sales have continued in Palm Beach despite a limited inventory of on-market properties.

This month, closed sales include the nearly $33 million sale of a waterfront home at 482 Island Drive and the hedge fund manager Igor Tulchinsky’s nearly $40 million purchase of the oceanfront estate at 12088 Banyan Road in North Palm Beach.





    Related Articles

    arrow_forward_ios
    Todd Michael Glaser and Nelson Gonzalez with 31 La Gorce Circle (Sonya Revell, Nelson Gonzalez)
    Glaser, partners buy non-waterfront La Gorce teardown for $8M
    Glaser, partners buy non-waterfront La Gorce teardown for $8M
    Christian Slater with 3618 Saint Gaudens Road (Getty Images, 1oak Studios)
    Christian Slater sells Coconut Grove home after three-way bidding war
    Christian Slater sells Coconut Grove home after three-way bidding war
    12525 Seminole Beach Road in North Palm Beach and Larry Ellison (Daniel Petroni/Douglas Elliman Realty, Getty)
    Larry Ellison lists North Palm Beach teardown for $145M
    Larry Ellison lists North Palm Beach teardown for $145M
    Fontainebleau Development's Jeff Soffer and Brett Mufson, with the Regency Condominium at 250 Beach Road in Tequesta (Regency)
    Soffer pays $100M for condo building on Jupiter Island
    Soffer pays $100M for condo building on Jupiter Island
    Gatsby Enterprises'  Babak Ebrahimzadeh with 25 and 45 Northeast Second Avenue, as well as at 220 Northeast First Street (Loopnet, LinkedIn)
    All aboard! Gatsby buys railroad-themed Delray Beach retail plaza for $30M
    All aboard! Gatsby buys railroad-themed Delray Beach retail plaza for $30M
    Conair heiress Babe Rizzuto and 609 South Beach Road (Getty Images, Nicholas Deficili/Elite Photographer)
    Conair heiress pays $35M for oceanfront Jupiter Island mansion
    Conair heiress pays $35M for oceanfront Jupiter Island mansion
    (Photo Illustration by The Real Deal with Getty Images)
    Want more South Florida land? Buy out your neighbors
    Want more South Florida land? Buy out your neighbors
    1201 Brickell Bay Drive, Citadel's Ken Griffin and 830 Brickell office tower in Miami (Google Maps, OKO Group and Cain International, Illustration by Priyanka Modi for The Real Deal with Getty)
    Mapping out Ken Griffin’s Miami shopping spree
    Mapping out Ken Griffin’s Miami shopping spree
    arrow_forward_ios

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

    Loading...