A remarkable oceanfront estate, situated just a stone’s throw from President Donald Trump’s Mar-a-Lago Club, has been listed for sale in Palm Beach at an asking price of $97.5 million. The property, assembled by British entrepreneur Alex Chesterman, spans over an acre and boasts 190 feet of deeded beachfront.
Key Takeaways
- A luxurious oceanfront estate in Palm Beach is on the market for $97.5 million.
- The property is located near President Donald Trump’s Mar-a-Lago Club.
- The estate features extensive amenities, including two swimming pools and two beach cabanas.
- The seller, Alex Chesterman, is the founder of Zoopla.co.uk and Cazoo.
An Unparalleled Coastal Offering
The estate at 880 S. Ocean Blvd. is described as a "unicorn" by listing agent Dana Koch of Corcoran Group, highlighting its unique position and features in the exclusive Palm Beach market. Chesterman acquired three adjacent properties over two years, investing significantly to create this expansive beachfront compound. The property not only offers direct beach access but also overlooks an additional 76 feet of vacant oceanfront, enhancing its privacy and exclusivity.
Luxurious Amenities and Design
Completed in 2020, the Chesterman estate is a testament to high-end design and construction. The property includes a main house with nine bedrooms and a separate guesthouse with three additional bedrooms, offering a total of 12,814 square feet of living space. Notable amenities include two swimming pools – one directly on the beach and another on the opposite side of the coastal road – along with two beach cabanas and a tennis court. The interiors, decorated by Angela Chesterman, feature light wood floors, ceiling beams, and numerous windows and balconies providing stunning views of the Atlantic Ocean and tropical gardens.
Strategic Location and Seller’s Background
Located in the prestigious Estate Section of Palm Beach, the property is conveniently situated near the intersection of South Ocean Boulevard and South County Road. It lies just outside the security zone that is activated when President Trump is at Mar-a-Lago, and is also a short distance from the upscale shops and dining of Worth Avenue. Alex Chesterman, a successful British entrepreneur, is known for founding the real estate website Zoopla.co.uk and the digital platform Cazoo. His previous real estate ventures in Palm Beach involved the strategic acquisition and development of the properties that now form this exceptional estate.
Market Context
The listing of this $97.5 million estate places it among the higher-priced properties currently on the Palm Beach market. However, other notable estates in the area are listed at even higher figures, including one at $205 million and another at $200 million, indicating a robust luxury real estate market in the region.
Sources
- Palm Beach seaside estate lists at $97.5M near Trump’s Mar-a-Lago, Palm Beach Daily News.