A sprawling oceanfront Florida compoundone of the most expensive real-estate listings in the country has sold for roughly $94 million, about six years after it first came on the market, according to the multiple listings service and a person familiar with the deal.The property, owned by the Ziff family, first listed for just under $200 million in 2015, but was more recently listed for $115 million. The roughly 15-acre property, known as Gemini, spans the width of a barrier island in Manalapan, just south of Palm Beach, and has about 1,200 feet of frontage on the Atlantic Ocean and about 1,300 feet on the Intracoastal Waterway.
The coral stone-clad main house, which dates to the 1940s but was more recently reconstructed, is 62,200 square feet, making it one of the largest in the area. It has 33 bedrooms and 38 full bathrooms, according to the listing.
Like many estates in the area, the property is divided by prestigious South Ocean Boulevard but is connected by a tunnel that runs under the road. The grounds include a pool, a pier, a dock and a sports complex with a half-basketball court and a tennis court.
From aspirational residences to major commercial deals.
Gemini has been owned by the Ziff family since the 1980s. Publishing scion William B. Ziff Jr., died in 2006. He was survived by his wife Tamsen Ann Kojis and three sons. The family declined to comment.
The deal is the latest in a string of mega-transactions in Palm Beach in recent months, as Wall Street money has poured in from cities across the Northeast. An estate formerly owned by President
recently sold for more than $120 million.
Cristina Condon, Todd Peter and Frances Peter of Sothebys International Realty had the Gemini listing.
Write to Katherine Clarke at [email protected]
Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8