A hedge fund billionaire bought the most expensive home ever sold in Florida for $111 million. It includes more than 70,000 square feet of living space, 11 bedrooms, 22 bathrooms, a bowling alley and an ice cream stand.
Hedge fund billionaire Steven Schonfeld and his wife bought a sprawling Palm Beach estate for $111 million, making it the most expensive home ever sold in Florida.
The estate, sold by hair-care mogul Sydell Miller, has more than 70,000 square feet of living space, with 11 bedrooms, 22 bathrooms, a bowling alley, salon, spa, ice cream stand and candy parlor. It had been listed for $200 million.The sale beats a Florida record set this summer, when an estate owned by the late Broadway producer Terry Allen Kramer sold to an unknown buyer for $110.3 million.
La Reverie will instantly give the Schonfelds a top trophy property in one of the richest enclaves in the country. Built in 2001, the French-style megahome is located on an exclusive stretch of Palm Beach called Billionaire's Row, which starts at Donald Trump's Mar-a-Lago Club and includes the estates of other titans of finance, including Ken Griffin, Paul Tudor Jones and Steve Shwarzman.
The sale is the latest sign of a strong real estate market in southern Florida, as a growing number of retirees from the Northeast flock to the Sunshine State.
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