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Florida mega-mansion Le Palais Royal hits market again for $159M

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A massive Florida mansion dubbed Le Palais Royal is back on the market for a whopping $159 million.

According to Forbes, the 60,500-square-foot Hillsboro Beach home is the second highest-priced listing in the nation, behind the $195 million Gemini compound in ManalapanThe Palm Beach Post reported in September 2014 that the 4 1/2-acre property includes an 11-bedroom, 17-bathroom main house; 465 feet of ocean front; a 492-foot dock that can accommodate a 185-foot yacht; and an underground garage with parking for more than 30 cars. It also boasts the first-ever IMAX Theater contracted for private use, featuring a 50- by 27-foot screen and seating for 18.

>> PREVIOUS STORY: $139M Florida mansion becomes most expensive listing in U.S.

>> PHOTOS: Florida mansion Le Palais Royal relisted for $159M

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The Palace of Versailles-inspired estate was originally offered for $139 million last year but was taken off the market, the Wall Street Journal reports. Project manager Joseph Leone, who has been working on the home for seven years, told WSJ that the owner, Middlesex Corp. founder Robert Pereira, decided to hold off on listing the property until the main house was nearly complete. Pereira also is building two guest houses on a smaller adjacent lot that will include an underground entertainment center with a go-kart course, ice-skating rink, bowling alley and nightclub, Leone said.

The new listing agent is Mayi de la Vega of One Sotheby's International Realty. 

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One of America’s priciest residences, $159 million,  is now listed by One Sotheby's International Realty.  The Wall Street Journal has the scoop: http://on.wsj.com/1PCNrogPosted by One Sotheby's International Realty on Wednesday, November 11, 2015

Dr. Oz just bought this $18 million mansion

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Television personality and heart surgeon Dr. Oz and his wife are evidently behind the purchase of Louwana, a landmarked house built in 1919 that changed hands last week via an $18 million deed, according to records filed with the Palm Beach County Clerk’s Office.

A three-year $5 million mortgage on the beachfront house bears the signatures of Mehmet C. Oz, better known simply as Dr. Oz, and his wife, author and television host Lisa Oz, courthouse records show.

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The 12-bedroom, 12,483-square-foot house has four fireplaces, a guest house, a cabana, a tennis court, a three-car garage and extensive gardens, according to its sales listings. There are also original Mizner details including a “Scheherazade” stairway, cypress ceilings and original blue octagonal tile floors and walls in the upstairs master bathroom. Louwana sits on a 1.2-acre lot with 150 feet of oceanfront, a little more than a half-mile south of the Palm Beach Country Club.

The house has a more informal floor plan, with almost all of the rooms capturing ocean views.

Dr. Oz has been a longtime visitor to Palm Beach, where his wife’s family has vacationed for decades, according to a story published several years ago in Palm Beach Life. Property records show Lisa Oz’s parents, Dr. Gerald and Emily Jane Lemole, own two houses on the island.

“Louwana is in a great location. It’s a charming, beautiful house,” said Cristina Condon, a Sotheby’s International Realty agent who said a confidentiality agreement prevented her from discussing the sale, the seller or the buyer.

Condon initially listed the house in early 2008 at $30 million. In 2013 the property was priced at $22 million. The house had been under contract since last year, said Condon. She didn’t provide a reason for the prolonged closing process.

“Every notable visitor or resident of Palm Beach either stayed or was entertained there over the years,” said historian Augustus Mayhew.

The town granted the house landmark status in 1980.

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