When hedge fund billionaire Steven Schonfeld and his wife, Brooke, had their first date in Palm Beach they may not have thought that years later they’d be back and buying the most expensive home in the exclusive enclave.
On Tuesday, the couple closed on their new waterfront compound, dubbed La Reverie, for $111 million, a spokesman told Mansion Global.
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Limited property records filed with the county show a sale figure of $105 million for the six acre-estate, but that may not reflect the transaction’s commissions and other fees.
“The detail, the architecture, the scale, the views of the ocean, basically it was perfect for our family,” Ms. Schonfeld said.
They plan for the property, which will be a winter vacation home for the New York residents, to be a family compound that will remain a stalwart home for their children as they grow, along with future generations, according to Mr. Schonfeld.
There is limited information available online regarding the home, which does not appear to have been publicly listed. It reportedly has more than 70,000 square feet of living space, with 11 bedrooms, 22 bathrooms, a bowling alley, salon, a spa, an ice cream stand and a candy parlor.
The couple are planning on keeping all of the home’s amenities, Ms. Schonfeld said.
Mansion Global could not identify the brokers involved in the transaction.
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La Reverie’s $111 million price tag makes the home—sold by beauty mogul Sydell Miller, co-founder of Matrix Essentials—Palm Beach’s most expensive, a feat that doesn’t concern Mr. and Mrs. Schonfeld, they said.
Prior to this sale, the Palm Beach record belonged to another oceanfront property sold this summer by the estate of the late Broadway producer and socialite Terry Allen Kramer. Including commissions and fees, the sale price was just over $110 million, Mansion Global reported.
The record breakers weren’t the only big-ticket sales in Palm Beach this summer.
In September, Frank McCourt, the former owner of the Los Angeles Dodgers baseball team, sold his mansion for $99.13 million, according to property records. The buyer was reportedly hedge fund billionaire Ken Griffin.
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December 04, 2019 at 04:45AM
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Hedge Fund Billionaire Buys Priciest House in Palm Beach History for $111 Million - Mansion Global
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