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$159 million will land you The Most Expensive Property in the United States its located on the South Florida Oceanfront

Posted by Lorea Thomson on Friday, November 13th, 2015 at 3:40pm.

 

The most expensive home in the United States is back on the market and listing price is $159 million! The beachfront mansion is located at 935 Hillsboro Mile, Hillsboro Beach, Florida.  The luxe digs feature over 60,000 square feet with 11 bedrooms and 17 bathrooms sprawling over 4.4 acres from the Atlantic Ocean to Intracoastal Waterway.  It includes an IMAX Theater, a 4,500-square-foot infinity edge pool, a $2 million grand staircase, gold leaf finishes, a putting green, a 26-foot tall fountain, and a 30-car garage.

Le Palais Royal just became the most expensive listing in America — again. Le Palais Royal originally was listed a year ago for $139 million. At the time, it was the most expensive formal listing in America. Then a California billionaire listed his Beverly Hills mansion and vineyard, Palazzo D'Amore, for $195 million, so Le Palais Royal lost its coveted crown.

Since the original listing last year, Le Palais Royal added a one-and-a half-acre additional lot and two guesthouses. The project manager/designer for Le Palais Royal is Joseph Leone stated they are adding a "subterranean entertainment complex" that will feature an ice-skating rink, go-kart track, nightclub and bowling alley. Construction for this second phase of the magnificent waterfront property, inspired by the Palais de Versailles, it is expected to take about two years.

Residential Industry News, South Florida Business Journals, Senior Reporter, Brian Bandell posted an inside look of the oceanfront estate.  View slideshow here.  Bandell states the waterfront mansion “was originally listed for $139 million”. The additional one and half acre addition increased the asking price.  The main home is completed. The property is owned by Robert Pereira, founder of construction firm Middlesex Corporation. 

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