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LIFE’S A BEACH! DO YOU KNOW THE NEW $52 MILLION NEIGHBOR?

Posted by Lorea Thomson on Wednesday, June 26th, 2013 at 11:47am.

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Photo courtesy of Splash News.

Just south of Jupiter, in the ultrachic enclave of Palm Beach, self-proclaimed “King of All Media” Howard Stern may have picked up a lavish beach house. The radio broadcaster and America’s Got Talent judge has been reportedly searching for a home in the area.  
 
According to Palm Beach County records, the property has been purchased through a trust.  The deed does not indicate the identity of the new owner (speculated to be Stern), who paid $52 million on May 15, 2013.   There is no mortgage recorded for the purchase.

The 19,000 square foot beachfront mansion boasts 5 bedrooms, 12.5 baths, and an outdoor swimming pool just steps from the ocean.  Aerial shots of the property reveal manicured grounds, secure wall and gated entry.

The 3.25 acre site, with both the 19,000 square foot main house and 1,200 square foot guesthouse, has the price working out to be $2,617 per square foot.

This sale is the town’s most expensive this year following a resurgence in the luxury waterfront housing market.  Stern’s new home is just south of conservative radio host Rush Limbaugh.  The Palm Beach County Property Appraisers Office recently assessed Limbaugh’s oceanfront home at nearly $41 million.

In addition, along “Billionaire’s Row”, a 20,000 square foot French style chateau estate previously on the market for $74 million sold for $42 million last week.  It was the most expensive public listing in Palm Beach.
 
To discuss the regaining strength in the luxury waterfront housing market please contact Rob Thomson, Managing Partner, Waterfront Properties and Club Communities at Info@wfpcc.com .

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