Sylvester Stallone Reportedly Buys Palm Beach Compound for $35.3M

Sylvester Stallone has punched up a purchase in Palm Beach, FL. According to the Palm Beach Daily News, the Hollywood legend has scored a compound in the Sunshine State.

The star of “Rocky” reportedly paid $35,375,000 for the waterfront spread. The property, listed in “pending sale” status, came on the market in June for $37.85 million. Stallone seems to have snagged a minor discount.

With seven bedrooms, 10 full bathrooms, and two half-bathrooms, the mansion, built in 2014, offers 13,241 square feet of living space and 250 feet of sandy beach on the lake, the listing description states.

What it describes as a “sensational estate” offers three structures, which include a main house, guesthouse, guest pavilion, and an open cabana across from the pool.

The waterfront property also offers a boat dock and is designed with “casual elegance” in mind. Modern interiors include multiple living spaces, a formal dining room, a huge eat-in kitchen, and multiple French doors that open to the lawn outside.

A spacious master suite features a sitting area, private balcony,  enormous walk-in closet, and bathroom.

In addition, the layout includes a gym, wine storage, library, and a family room with a wet bar. Outside, the grounds feature a pool with a beachfront spa that practically touches the lake.

Stallone joins numerous other celebs in the area. Jon Bon Jovi, Rod Stewart, the author James Patterson, and the former wife of Tiger Woods, the model Elin Nordegren, own homes in the upscale enclave. President Donald Trump‘s Mar-a-Lago is also nearby.

The “Rambo” star has been busy on the real estate front. This spring, he placed his desert getaway in La Quinta, CA, on the market for $3.35 million.

Stallone bought the four-bedroom home, located inside the Madison Club, for $4.5 million in 2010. But it eventually became expendable. He wound up selling the golf retreat at a loss, for $3.15 million.

Stallone, 74, has been a screen star for decades. He’s known for the “Rocky” series, which more recently led to the spinoff “Creed” films.

Lawrence Moens with Lawrence A. Moens Associates holds the listing.

Source: realtor.com

Florida’s Most Expensive Home Is a $140M Oceanfront Mansion in Palm Beach

A once-vacant oceanfront lot in Palm Beach, FL, that sold for $37 million in 2017 now boasts a brand-new home.

And given the locale, it’s no surprise that the finished product is now Florida’s most expensive home. Listed for a whopping $140 million, the mansion has toppled the long reign of the $115 million Ziff family compound in nearby Manalapan, FL.

Construction recently finished on the residence on N. County Road, and the result is a two-story masterpiece, with clean lines and an abundance of glass.

At just over 21,000 square feet, the price per square foot on the mansion is a hefty $6,646.

For comparison’s sake, the median listing price per square foot is currently $835 in the city of Palm Beach.

Beach at property in Palm Beach, FL
Beach at property in Palm Beach, FL

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The home sits on 2.25 acres of land, with 150 feet of direct beachfront on the part of the coastline known as the North End’s Billionaires’ Row.

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Outside, there are mature trees, plenty of parking for guests, and a four-car garage.

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Inside, there are nine bedrooms, 12 full bathrooms, and seven half-bathrooms. All feature high-end finishes, along with contemporary stylings. At least one bathroom has a sauna.

Several of the bedrooms lead right out onto outdoor spaces.

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The layout is open, with several well-defined living spaces designed for the utmost in relaxation.

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In addition to the eat-in kitchen, there’s a pantry nearby, with plenty of storage.

For dining, the home provides several choices. The waterfall kitchen island has seating for at least five, and there’s another sit-down dining area, as well as a formal dining room.

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For entertainment, a buyer can work up a sweat in the exercise room, watch a movie in the media room or outside in the outdoor theater, read a book in the library, or enjoy a drink at one of the many bars.

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As for outdoor living, several floor-to-ceiling, impact-resistant glass doors open to create a seamless flow between the indoors and outdoors.

There’s also oodles of outdoor space to hear the waves crash on the sand while sitting on a deck, relaxing in the hot tub, or sunning by the pool.

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There’s no need to leave the property to go to a spa or salon, given the number of amenities in the home.

According to published reports, before he became president, Donald Trump sold the land along with two other parcels to the Russian billionaire Dmitry Rybolovlev in 2008.

After his purchase, Rybolovlev razed a house of Trump’s on one of the lots in 2016.

Public records show that a Rybolovlev trust sold the land where the Sunshine State’s most expensive house now sits in October 2017, reportedly to a homebuilding company.

The broker Lawrence Moens, of Lawrence A. Moens Associates, holds the listing.

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Watch: Maryland’s Most Expensive Property Includes Several Historic Buildings

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Source: realtor.com