German entrepreneur and Philanthropist, Dr. Ernst Langner, and Wife Nataly, sold their Ocean-to-Lake estate in Palm Beach for nearly $110 million, marking the second most-expensive residential sale to close on the island. A trust managed by Langner sold the 15,954-square-foot mansion at 1840 South Ocean Boulevard for $109.6 million, property records show. The buyer was a trust named for the home’s address, and which is managed by attorney Ronald Kochman.
Langner is chairman of the advisory board at The Dr. E.A. Langner-Foundation, and his wife, Nataly, is chair of the board of directors.
The 2.7-acre property last sold in 2012 for $23.5 million. Langner demolished the previous home and completed the new estate in 2014.
The property was listed for sale in March for $115 million. Sandwiched between Lake Worth Lagoon and the Atlantic Ocean, the waterfront home has nine bedrooms, ten full bathrooms and three half-bathrooms, according to the listing.
Lawrence Moens of Lawrence A. Moens Associates represented the buyer and seller. Moens recently represented the seller of a $95 million estate in Palm Beach last month.
This deal is second to the $122.7 million closing of an oceanfront mansion earlier this year. Private equity titan Scott Shleifer purchased the spec home at 535 North County Road.
High-end home sales have continued in Palm Beach despite a limited inventory of on-market properties. This month, closed sales include the nearly $33 million sale of a waterfront home at 482 Island Drive and the hedge fund manager Igor Tulchinsky’s nearly $40 million purchase of the oceanfront estate at 12088 Banyan Road in North Palm Beach.
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.
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