An iconic Palm Beach estate, originally built in 1975, has been listed for an astonishing $185 million. This sprawling property offers a rare opportunity to own a significant piece of oceanfront real estate, boasting 2.21 acres and 250 feet of private Atlantic frontage. The estate represents one of the largest oceanfront parcels to become available in the exclusive enclave.
Key Takeaways
- A historic Palm Beach estate with 250 feet of oceanfront is on the market for $185 million.
- The property spans 2.21 acres and features extensive grounds with multiple pools and a tennis court.
- The estate offers significant potential for renovation or new construction, with the option to subdivide.
An Unparalleled Oceanfront Offering
The estate, located at 911 N. Ocean Blvd., was commissioned by Joanie and Murray Goodman and designed by architect Henry Harding. It features a total of 23,956 square feet across its structures, including 12 bedrooms and 16 full bathrooms, along with 4 half bathrooms. The grounds are equally impressive, featuring a main house with a pool, a separate pool house, a tennis court, and a detached guest house complete with its own pool.
A Visionary Opportunity
Marley Overman, daughter of the original owners and an agent with Illustrated Properties, highlighted the property’s unique value. "A property like this does not come around often, if at all," she stated. "My parents recognized the sheer potential of this location when they built here in 1975. This is an extraordinary opportunity for the next owner to acquire a rare piece of land with such vast potential, on the ocean, with the option to subdivide if they wish."
The property retains historic elements, including a preserved Mizner seawall and stairs leading directly to the beach. While the main house has seen recent updates to key areas like the kitchen and master suite, the listing agent suggests the ideal buyer is a "visionary ready to build new, or a steward of history" prepared for extensive renovation or new construction.
Overman expressed a desire for the next owner to cherish the estate for generations, mirroring her family’s deep connection to the property and the island.