Sylvester Stallone and Jennifer Flavin
purchase $35 Million Palm Beach Estate
December 18, 2020
Sylvester Stallone is the Buyer of a Waterfront Estate in Palm Beach, Florida. The Oscar-nominated star and his wife, Jennifer Flavin, purchased the mansion at 1480 North Lake Way for $35.4 million, according to the Palm Beach Daily News. The Sellers are Cindy L. and Ronald G. McMackin, who own an Engineering Subcontracting Firm.
Per the Property listing’s details online, the property includes a main House, Guest House, and Guest pavilion with an open Cabana and large Pool, located on more than 250′ of direct Intracoastal front. The Main House and Guest House are listed as having a total of 7 Bedrooms, 10.5 Baths, and 13,241 Square Feet.
Palm Beach County luxury Home sales spiked 83% in the 3rd Quarter of 2020 and the Median sale price in the Town of Palm Beach reached $7 Million. The market has not only been resilient throughout the Coronavirus pandemic, but demand for Palm Beach luxury Homes has sparked “pandemonium” and Palm Beach is currently experiencing a Seller’s market with increasing property values and very low levels of inventory as ultra wealthy Buyers are purchasing large numbers of Properties.
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