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New Mega Mansion In Palm Beach Asks $159 Million (Photos)

November 12, 2015 by Billionaire Addresses

A massive Florida #mansion dubbed Le Palais Royal is back on the market for a whopping $159 million after construction has finally been completed.

According to #Forbes, the 60,500-square-foot Hillsboro Beach home is the second highest-priced listing in the nation, behind the $195 million Gemini compound in Manalapan, FL. The Palm Beach Post reported in September 2014 that the 4 1/2-acre Hillsboro property includes an 11-bedroom, 17-bathroom main house; 465 feet of ocean front; a 492-foot dock that can accommodate a 185-foot yacht; and an underground garage with parking for more than 30 cars. It also boasts the first-ever IMAX Theater contracted for private use, featuring a 50- by 27-foot screen and seating for 18.

The Palace of Versailles-inspired estate was originally offered for $139 million last year but was taken off the market. Project manager Joseph Leone, who has been working on the home for seven years, told WSJ that the owner, Middlesex Corp. founder Robert Pereira, decided to hold off on listing the property until the main house was nearly complete. Pereira also is building two guest houses on a smaller adjacent lot that will include an underground entertainment center with a go-kart course, ice-skating rink, bowling alley and nightclub, Leone said.

The mansion was originally listed a year ago, just as construction was underway, for $139 million. At the time, the listing agent said it was the #mostexpensive official listing in America. But then billionaire Jeff Greene listed his Beverly Hills, California mansion and vineyard, Palazzo D’Amore, for $195 million (See our exclusive images of Jeff Greene’s L.A. Mega-Mansion, Palazzo D’Amore) so Le Palais no longer reigned as the most expensive house for sale. But now, Palais is coming back onto the market with a new price, $159 million, while Palazzo D’Amore dropped its price to $149 million. So Le Palais is once again the highest priced listing in the U.S.

All Photo’s – Credit To Bryan Nieblas (except ads)

Please click thumbnails for larger images.

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