palm beach

Villa Isola, Estate of the Day

Filed under: Estates

Today's home in Palm Beach, Florida has the exterior facade of some of the older homes in the area but this villa on Everglades Island is new. The recently completed 7,814 sq.ft. home has a Spanish tile roof, Gothic arches and Moorish windows aping the style of Addison Mizner. This home has five bedrooms, an elevator, generator and is wired with a Lutron control system. The covered loggia looks out over the pool and patios on the water where there is a large boat dock with lift. The interior doesn't quite follow through on the grace promised by the exterior facade but it does have many of the features that today's buyers are looking and is dressed up in that particularly heavy and self-consciously ornate style that some South Florida mansions seem to favor. It is listed at an ambitious $17.5 million.

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Gallery: Villa Isola

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Tags: estate of the day, EstateOfTheDay, florida, palm beach, PalmBeach

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Trumps's Former Palm Beach Mansion Part Of Major Divorce Dispute

by Deidre Woollard (RSS feed) —

Filed under: Estates, Crimes and Misdemeanors

The mansion that Donald Trump sold in Palm Beach, Florida last year might be at the center of a major divorce battle. Russian billionaire fertilizer mogul Dmitri Rybolovlev and his wife bought the house for $95 million back in 2008. Now Elena Rybolovlev says her husband has been unfaithful and she wants 50 percent of the couple's marital assets, a number she puts between $6 billion and $12 billion. One of the items at issue will be the 33,000-square-foot property. She has asked the court to take jurisdiction over property because she is worried her husband will begin hiding and transferring his assets. Already she says that an art and furniture collection worth around $670 million has been moved out of her reach.

The Palm Beach Post reports that in July 2008, through County Road Property, Rybolovlev paid $95 million cash for the home. Trump had bought the mansion for $41.35 million in 2004 and restored it, asking at one point, for $125 million for the home. Rybolovlev said he purchased the mansion as an investment, the couple spend most of their time in Switzerland. If he has to sell he might be in trouble. For a while Palm Beach was faring well amidst Florida's real estate turmoil but lately it seems like the bigger mansions are slower to move. One that we've been keeping an eye on, Casa Nana, has been on the market for $72.5 million since last summer. Check it out in the gallery below.

Gallery: South Ocean Blvd.

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Tags: dmitri rybolovlev, DmitriRybolovlev, donald trump, DonaldTrump, florida, palm beach, PalmBeach

Sex and Dying in High Society

by Jared Paul Stern (RSS feed) —

Filed under: Estates, Books, Wealth

Laurence Leamer, author of The Kennedy Women, examines the seamier side of Palm Beach's high society in his new book Madness Under the Royal Palms: Love and Death Behind the Gates of Palm Beach. Described as an "inside look at this playground of the rich, and its under-class of social-climbing wannabes," the book traces the history of Palm Beach and its most famous estates before examining some of the posh town's more infamous scandals.

Publisher's Weekly says the book's "highly visual vignettes - dominated by divorce, infidelity, excessive drinking and violence - produce a depressing picture of sad, angry, insecure and frequently nasty people hiding behind empty smiles, luxury cars and socially invisible servants," noting that while some may find it "a penetrating portrayal of a privileged segment of the American population, others might regard it as a book-length gossip column."

Tags: Florida, high society, HighSociety, Palm Beach, PalmBeach, socialites

The Classicist: The New World's Most Expensive Estates

by Jared Paul Stern (RSS feed) —

Filed under: Estates, The Classicist, Wealth

Five months ago when Forbes ranked the world's most expensive houses (in terms of current listings) only three of them clocked in at over $100 million. And in fact, one of those, Leona Helmsley's Dunnellen Hall in Greenwich, CT which started out at $125 million had already been reduced to $95 million by the time the list was published (it's currently being offered at $75 million). The other, Fleur de Lys in Beverly Hills listed at $125 million, was therefore the world's most expensive and one of only two $100 million-plus properties officially on the market.

Re-surveying the field now we've decided it's time for a new World's Most Expensive list, mainly because despite the recession - or, perhaps, because of it - there are now seven properties in what we've dubbed the Hundred Million Club (N.B. - those listed at only $100 million don't make the cut), three of which are in the U.S. These are the modern-day equivalents of the magnates' great estates we wrote about back in February.

Some recent market activity which regular Luxist readers will be aware of makes a new ranking imperative. For starters, last month Candy Spelling listed her Holmby Hills mega-mansion at $150 million, making it the world's most expensive estate. Then just last week a mansion at No. 10 Belgrave Square in London hit the market for around the same price - £100 million, or about $149 million (depending on exchange rates), while a second Belgrave Square property finally completed renovations and has been listed at £80 million, or about $120 million.

We also received confirmation this week that an incredible 40-room private mansion in Paris' Place des États Unis (above), built in 1890, has been listed at €105 million, or about $138 million. Fleur de Lys, whose "world's most expensive" status (though not its "legendary estate" status) was also usurped by the $135 million Manaplan Residence in Palm Beach now languishes in 5th place (sorry, Mariah).

Here is our new ranking of the world's most expensive estates (in terms of current verifiable listings), all members of the Hundred Million Club:

1. The Manor - Holmby Hills, CA: $150 million
2. No. 10 Belgrave Square, London, UK: $149 million
3. Place des États Unis, Paris, France: $138 million
4. The Manalapan Residence, Palm Beach, FL: $135 million
5. Fleur de Lys, Beverly Hills, CA: $125 million
6. No. 31 Belgrave Square, London, UK: $120 million
7. Updown Court, Surrey, UK: $110 million

Gallery: $100 Million is Not Enough

1. The Manor - Holmby Hills, CA: $150 million

2. No. 10 Belgrave Square, London, UK: $149 million

3. Place des États Unis, Paris, France: $138 million

4. The Manaplan Residence, Palm Beach, FL: $135 million

5. Fleur de Lys, Beverly Hills, CA: $125 million

Tags: Beverly Hills, BeverlyHills, Candy Spelling, CandySpelling, Connecticut, Dunnellen Hall, DunnellenHall, Fleur de Lys, FleurDeLys, Florida, Forbes, Greenwich, Leona Helmsley, LeonaHelmsley, London, Manaplan Residence, ManaplanResidence, mansion, Palm Beach, PalmBeach, Paris, The Manor, TheManor, Updown Court, UpdownCourt, Villa Leopolda, VillaLeopolda, worlds most expensive, WorldsMostExpensive

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Madoff's Palm Beach Home Worth Less In Real Estate Slump

by Deidre Woollard (RSS feed) —

Filed under: Estates, Wealth

For a long time as Florida real estate values plummeted Palm Beach remained an enclave of protected wealth but it seems even that is starting to change. There is no bigger symbol of the change in Palm Beach than Bernie Madoff. Since Madoff's arrest last year, Palm Beach's fortunes have shifted a bit. Stores along Worth Avenue have closed and even the value of Madoff's home has dropped by nearly two million dollars. Last year Palm Beach County officials assessed the taxable value of Madoff's home at $9.3 million but a new appraisal that federal officials did in March says it would likely sell for $7.45 million.The home was seized on Wednesday along with two of Madoff's yachts.

While prosecutors are trying to preserve as much of Madoff's wealth as possible in order to redistribute it to his many victims, it might be smart to wait a little while before putting this home on the market.Palm Beach has seen some big sales in the past couple of years including $81.5 million for Sidney Kimmel's mansion and $100 million for Donald Trump's oceanfront flip. Currently the most expensive home on the market in Palm Beach is still Casa Nana which is listed at $72.5 million the same price it was last November when we covered it as an estate of the day.

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Tags: bernard madoff, BernardMadoff, bernie madoff, BernieMadoff, palm beach, PalmBeach

Madonna & Male Model Move Into Palm Beach Mansion

by Jared Paul Stern (RSS feed) —

Filed under: Estates

Aging pop chameleon Madonna has reportedly moved into a lavish Palm Beach mansion (above) with her 22-year-old boytoy, Brazilian male model Jesus Luz. Madonna, 50, signed a $50,000 month-to-month lease on the 10,000-sq.-ft. house, located at he posh Palm Beach Polo and Country Club in Wellington, which is on the market for $6.5 million, the Palm Beach Post reports. The fully furnished five bedroom, seven bath mansion once belonged to BET network co-founder Sheila Johnson and is now owned by a Virginia-based private investor.

Madonna first spent two weeks in Palm Beach in January with her personal trainer and returned to hang out with polo superstar and Ralph Lauren model Nacho Figueras, who's helping her learn to play polo, the paper reports, noting she's considering buying the house. The Real Estalker adds that the back of the Spanish Colonial-style house faces the golf course and opens to a long covered terraced with gauzy curtains, a swimming pool, spa, pool pavilion and outdoor kitchen. Madonna and Jesus recently appeared in a remarkably racy photo shoot for W magazine.

Tags: celebrity, equestrian, Florida, Jesus Luz, JesusLuz, Madonna, male model, MaleModel, Palm Beach, PalmBeach, polo, W magazine, WMagazine

Riva Yachts New 52' Rivale Palm Beach Edition

by Jared Paul Stern (RSS feed) —

Filed under: Yachts & Sailing

Along with the stunning 68' Ego Super which we wrote about last month, iconic Italian motoryacht maker Riva will debut its new 52' Rivale Palm Beach (above) at the Miami Yacht Show this weekend. The limited edition $2.46 million yacht designed specifically for the American market as a tribute to Palm Beach style features a deck and hull finished in desert sand with Roman bronze detailing on the dashboard and signal mast mimicking a shark's fin. Inside the luxe cabins, walls and furniture are made of luminous elm complemented by topstitched natural-grain leather. The Rivale Palm Beach is equipped with two 1100-hp Man engines for a top speed of 40 knots and a range of 260 nautical miles at cruising speed.

[via AffluentPage]

Gallery: Rivale Palm Beach

Tags: Miami Yacht Show, MiamiYachtShow, Palm Beach, PalmBeach, Riva, Riva Yachts, RivaYachts, Yacht

Bernie Madoff, Sharp-Dressed Man

by Deidre Woollard (RSS feed) —

As we've mentioned before, the ritzy town of Palm Beach, Florida is reeling from the fallout regarding Bernard Madoff's $50 billion Ponzi scheme. Nowhere is hardest hit perhaps than Worth Avenue, Palm Beach's shopping area which is lined with ultra-pricey boutiques. The Dior boutique recently closed but another boutique dearer to Madoff's heart is Trillion. Robert Frank of the Wall Street Journal reports that Madoff enjoyed his pricey duds and shopped at Trillion on Worth Avenue. Madoff last shopped at the store two weeks before his arrest and bought some clothes to be picked up at a later date. He never returned to the store to pick up the goods because of his arrest and so the items, which were reported to be in the thousands of dollars range, were shipped to him. It bears noting that at Trillion, which specializes in Kiton cashmere suits, you could spend that on just a couple of items.

Madoff, remains free on a $10 million bond after a judge ruled that he can continue to live under house arrest in his Manhattan home despite recently sending jewelry off to relatives in violation of an assets freeze. Judge Ellis has asked Madoff to compile an inventory of all items in his home and barred his from any more property transfers. We assume that means no fancy Kiton castoffs so Bernie Madoff may just be the world's best dressed shut-in.

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Tags: bernard madoff, BernardMadoff, bernie madoff, BernieMadoff, madoff, palm beach, PalmBeach, trillion

Dior Pulls Out Of Palm Beach

by Deidre Woollard (RSS feed) —

It's hard not to wonder if closing of the Christian Dior boutique on Palm Beach, Florida's elite Worth Avenue has something to do with the fallout from the Bernard Madoff scheme. Some of his wealthy Palm Beach neighbors were among his victims. Whatever the reason, the Dior store quickly pulled up stakes right after Christmas. The Palm Beach Daily News says that the windows are covered in black paper and just the shadow of the former Dior signage remains. There's no dearth of elite boutiques on Worth Avenue but the defection of Dior may send ripples of dismay around the luxury shopping destination.

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Tags: christian dior, ChristianDior, florida, palm beach, PalmBeach, worth avenue, WorthAvenue

The Ballinger House, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

This Palm Beach, Florida home is called 'the Ballinger house' after its most recent owner but the 1926 home was originally christened La Torre Bianca. It was built by society architect Howard Major in the popular South Florida Mediterranean style. The five-bedroom main house includes a third-floor tower room with water views. The property includes a two-bedroom guesthouse, a three-car garage and estate grounds with a heated pool, fountains, a pond and gardens. It is listed at $11.9 million.

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Gallery: The Ballinger House

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Tags: estate of the day, EstateOfTheDay, florida, palm beach, PalmBeach

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The Breakers Opens A Real Estate Office

by Deidre Woollard (RSS feed) —

One of the most iconic Florida hotels, The Breakers in Palm Beach, is finding its own ways of dealing with the economic slump. Usually this time of year is boom time for the hotel but they have trimmed the staff by about 10% or 200 or so people. The resort has also taken the unique move of creating three new businesses, the Phillips Point Club on the top floor of the Phillips Point office building in West Palm Beach, Mix, a women's accessories store at The Breakers and The Breakers Palm Beach Realty, a brokerage catering to the luxury real estate market. Real estate in this tough economy? Spokeswoman Ann Margo Peart tells the Palm Beach Post that the business, which is located on the hotel grounds, will cater to guests who have made inquiries about high-end real estate in Palm Beach.

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Tags: breakers, florida, hotel, palm beach, PalmBeach, resort

Casa Nana, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

I mentioned this estate earlier this year when the Wall Street Journal reported that Florida car dealer, Terry Taylor has listed his Palm Beach, Florida home for $72.5 million which is almost three times what he paid in 2003. Over the last year so so Palm Beach real estate has remained strong (the Kimmel estate sold for $81.5 million in April and Trump had his $100 million sale in Palm Beach in May) while the rest of Florida has plummeted but this one hasn't been snapped up yet. It certainly is a Palm Beach prize, the main house was built circa 1924 and designed by veteran Palm Beach architect Addison Mizner. It has nine bedrooms, 15 bathrooms, a movie theater with a ticket window and concession stand, an exercise room, a wine cellar, pool, large pool house and two three-car garages, each with a second-floor guest apartment. The deliciousness here is in the details, in the moldings and finishes and classic lines that could give you neck strain from craning your head around to take it all in.

The Taylors have made updates, renovating the kitchen and restoring most of the leaded-glass windows as well as repainting the home but much of what makes this home beautiful is that it has stayed as true to the way it was built as possible. This home is in move-in condition and has 268 feet of ocean frontage. It may remain on the market a little while longer but I would guess it will sell for fairly close to the exorbitant $72.5 million asking price. After all, there are only so many Palm Beach Mizners to go around.

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Gallery: South Ocean Blvd.

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Tags: estate of the day, EstateOfTheDay, mizner, palm beach, PalmBeach

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Steinway by Lilly Pulitzer: A Very Preppy Piano

by Tracy Chait (RSS feed) —

Filed under: Decor, Events

Only two more months until this Lilly Pulitzer'ed Steinway can find its home in your parlor. Nothing can better express the fact you travel the Nantucket-Palm Beach axis with the greatest of ease. The venerable design house rolled out this Steinway, among other 50th anniversary treats like a Lillified Jeep Wrangler, at a special preview at The Breakers hotel in Palm Beach back in June. In November, the pieces will finally hit market.

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Tags: breakers, lilly pulitzer, LillyPulitzer, nantucket, palm beach, PalmBeach, piano, pink and green, PinkAndGreen, preppy, steinway

Qui-Si-Sana, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's home is a Palm Beach, Florida classic. The five-bedroom oceanfront residence was built in 1921 and designed by architect Marion Sims Wyeth for entrepreneur Earle Perry Charlton, one of the founders of the F.W. Woolworth Company. Its name Qui-Si-Sana ("Here One Heals") comes from a hotel on the island of Capri, and the home has a Mediterranean appeal, making ample use of the outdoor space with large oceanside lawns and an open courtyard plan surrounding a private garden terrace by the formal pool. The interior includes four stately fireplaces, pecky cypress paneling, Cuban tile floors, and filigreed ironwork gates. Large hedges help preserve privacy on this corner oceanfront lot in one of Palm Beach's finest neighborhoods. While most of Florida has been faltering real estate-wise, Palm Beach has continued to rise, scoring $81.5 million for Sidney Kimmel's mansion and $100 million for Donald Trump's oceanfront flip. This home is listed at $20 million.

For more prime properties and lush locations, see Luxury Homes and Mansions.

Gallery: Qui Si Sana

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Tags: estate of the day, EstateOfTheDay, florida, palm beach, PalmBeach, qui si sana, QuiSiSana

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Trump Sells in Palm Beach for $100 Million

by Deidre Woollard (RSS feed) —

Filed under: Estates

I would have taken bets that Donald Trump wouldn't get his $100 million price for the home he's been trying to sell in Palm Beach, Florida for two years but I would have lost. The Palm Beach Post reports that Trump has sold the property he bought in 2004 from Abe Gosman for his desired price. Trump bought the home for $41.35 million and spent another $25 million in a renovation headed by Kendra Todd, winner of the third season of The Apprentice. He first put it on the market for $125 million which made it the most expensive home for sale in the U.S. but even Trump knew that price was optimistic and predicted three years ago that it would go for $100 million.

The home has nine bedrooms, a ballroom and a conservatory as party of its 62,000 square foot expanse. It also has a 48-car garage. Believe it or not, the unnamed buyer might tear down the huge mansion and subdivide. The waterfront property has been a prized piece of land for over 100 years and has the current house, Maison de L'Amitié, was only built in 1990. The property is appraised at $58 million by the Palm Beach County Property Appraiser's Office, meaning the 2007 tax bill at $980,033, is higher than the price of many homes in America. Trump's sale comes after a rash of big home sales in Palm Beach including Jones Apparel Group founder Sidney Kimmel who recently sold his home in the area for its $81.5 million list price.

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Tags: abe gosman, donald trump, DonaldTrump, estate, palm beach

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