Home News Private Equity Mogul Sells $115 Million Florida House – DIRT

Private Equity Mogul Sells $115 Million Florida House – DIRT

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Barely nine months ago, a paper company affiliated with Scott French in Financier forked more than $ 64 million for a luxurious oceanfront mansion in the ultra-luxury Ocean Boulevard on Palm Beach. Shortly thereafter, an East Coast-based Frenchman returned the “Billionaireslow” property to the market and, after making some aesthetic updates, demanded a whopping $ 115 million. Currently, records show that an unidentified purchaser has stepped up to the plate. , Real estate currently under sale.

Yes, that question is $ 51 million more than France paid last year for a modern Bermuda-style structure developed on the basis of speculation in 2021 by Palm Beach developers. Clark Beatty.. Originally listed for $ 84 million in February 2021, the house was reduced to $ 74.8 million and eventually sold to France at a significant discount.The current list is maintained by Lawrence Mornes Lawrence A. Mornes Associates.

Surrounded by a 175-foot seafront, it is right next to a $ 73 million mansion owned by a billionaire hedge fund and Carolina Panthers owner. David TepperThe compound was designed by Roger Janssen Built by J5 Construction of Daily Janssen Architects. The 1.14 acres of land include several buildings, including a five-bedroom main house, a two-bedroom guesthouse, and a four-car garage. There are a total of 7 bedrooms and 13 baths in a living space of approximately 18,000 square feet.

The main building features a three-story house Sara McMann-Floor-to-ceiling windows, wooden beam ceilings, and walnut-covered floors provide an interior design that is entirely separated. Among the highlights are the spacious dining, living and family rooms, octagonal study, separate living room, fireplace, two balconies, two baths and a master retreat on the second floor with a walk-in closet.

Other amenities include an 800-square-foot gym, a recreational room with a wet bar, a cinema, and a 4,000 wine cellar with a tasting area. There are also 3 kitchens. One for families, one for private chefs, and the other in the guesthouse, with a beautiful grounds surrounded by a sparkling pool and spa surrounded by an outdoor loggia duo perfect for outdoor dining. interesting.

French — 51-year-old Managing Director, Managing Partner, Portfolio Manager for Major HPS Investment Partners Funds, $ 75 Billion Global Investment Company — Two properties in the Los Angeles area.. In July 2020, he paid $ 32.5 million for Beverly Hills tennis court real estate. Last September, he forked an additional $ 25.5 million for an oceanfront home in the Encinal Bluffs district of Malibu.

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