May 16, 2013 by Billionaire Addresses
The Palm Beach Post is reporting that the likely buyer behind a $52 million private sale today is non other than America’s Got Talent judge and radio shock-talk personality Howard Stern. The property was sold by textile and apparel executive Martin Trust and his wife, Diane, according to sources familiar with the deal. Stern has reportedly been looking for a house in South Florida for weeks with his wife, Beth Ostrosky. The five-bedroom house on the North End of Palm Beach had not been listed for sale in the multiple listing services that serve the island. Broker Lawrence A. Moens of Lawrence A. Moens Associates confirmed that a transaction had occurred for the property and that he handled the deal. But he would say nothing else about the sale or anyone involved. The property had a “total market value” of $40.8 million in the 2012 tax rolls — ranking it among the town’s highest-valued residential properties, according to the Palm Beach County Property Appraiser’s office. The main house has 18,673 square feet, for a grand total of 39,094 square feet of living space on the property. A representative for Stern could not be reached for comment Wednesday.
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