Photos: Cliff Finley/Picture it Sold
Published by The Real Deal South Florida, February 11, 2021
New York City Private Equity titan, Scott Shleifer, paid $122.7 Million for an Oceanfront mansion in Palm Beach, setting a record as the most expensive Home ever sold in Florida and the second most expensive home sold in the U.S., The Real Deal has learned. Shleifer is a partner and co-founder of Tiger Global Management, an investment firm based in New York with offices in Hong Kong, Beijing, Singapore and Bangalore.
The property hit the market last month and closed on Thursday, February 7, 2021, sources said. A company managed by luxury homebuilder Mark Pulte, who is the son of Pulte Homes founder William Pulte, built and sold the spec home at 535 North County Road. Former President Donald Trump once owned the site.
The Palm Beach lot was previously part of a larger property that Trump sold to Russian billionaire Dmitry Rybolovlev for $95 million in 2008. Rybolovlev subsequently razed that house, subdivided the property into three lots, and sold them off for nearly $109 million. Pulte’s entity paid $37 million for his lot in 2017.
Lawrence Moens of Lawrence A. Moens Associates had the listing for the Property and had an investment interest in the property. Ryan Serhant of Serhant and Chris Leavitt of Douglas Elliman represented the buyer. Moens could not be reached for comment and Serhant and Leavitt declined to comment.
The 2.25 Acre, 21,000-square-foot mansion (built in 2020), with a separate guest house, has 9 bedrooms, 12.5 Bathrooms, a 4-Car Garage, an oceanfront swimming pool, a Gym, sauna and hair salon. William M. Boyle of Boyle Architecture designed the house. The lot has 150 feet of shoreline.
Amazon founder Jeff Bezos holds the record for the highest price paid in the U.S. for a single-family home, paying $165 million last year for David Geffen’s Jack Warner Estate in Beverly Hills.
Luxury Single Family Homes in South Florida are in high demand and their sales have shattered records–not only the number of sales, but record high purchase prices as well. There’s very limited inventory of Single Family Oceanfront Homes in South Florida.
South Florida properties: