A home in Palm Beach, Florida has sold for $132 million, making it the second highest-priced single-family home on record for the U.S. The buyer was Scott Shleifer, cofounder of private equity investing arm of Tiger Global Management.
The 21,000-square-foot house had been on the market a few weeks ago with an asking price of $140 million, and despite the slight price reduction, it still comes close to the most expensive house purchase in the country. It ranks just behind the $165 million purchase by Jeff Bezos of David Geffen’s former Beverly Hills estate in 2020.
Hedge funder Ken Griffin still holds the record for priciest purchase of all with his $238 million buy of a condo New York’s Central Park South building. Griffin has also spent at least $350 million combined on purchases in Palm Beach as part of his plan to assemble one contiguous parcel that so far has reached 20 acres in size.
Located on the water, with billionaire Nelson Peltz as a neighbor, Shleifer’s new home sits on land previously owned by former president Donald Trump, as reported by the Wall Street Journal. At the time Trump owned the property it was known as Maison de L’Amitié. He sold the estate to Russian billionaire Dmitry Rybolovlev for $95 million in 2008 who later had it subdivided into three parcels. In 2017 Mark Pulte, a major player in the homebuilding industry, purchased the waterfront parcel for $37 million and built this nine-bedroom estate, which comes with numerous luxury amenities such as an outdoor movie theater, wine cellar, beauty spa, oceanfront swimming pool and separate guest house. The home sold under an LLC linked to Pulte.
The seller was represented by Lawrence Moens of Lawrence A. Moens Associates, the same person who frequently manages Griffin’s many Palm Beach purchases. Moen had an investment interest in the property, according to The Real Deal. The buyer was represented by Ryan Serhant of Serhant and Chris Leavitt of Douglas Elliman.