35,000 Sq. Ft. Palm Beach Mansion Reduced To $69.9-Million (PHOTOS)

1071-n-ocean-final-print-61 35,000 Sq. Ft. Palm Beach Mansion Reduced To $69.9-Million

1071 N Ocean Boulevard, Palm Beach, Florida, United States, 33480

Now’s your chance to purchase a brand new estate home in a very exclusive oceanfront stretch of Palm Beach, Florida.  The recently finished 35,000 square foot Mediterranean mansion had come on the market for a staggering $84.5 million during construction, upon completion it was reduced to $74.5-million, and in early 2017 it was reduced again to $69.9-million.  The palatial residence sits on 2-acres of land with 242′ of direct ocean frontage providing jaw-dropping views from many of the home’s formal rooms. The listing notes that it includes a bowling alley, home theatre, pub room, an 8 car garage, as well as 8 bedrooms, and 17 bathrooms. According to PhillyMag.com the estate is owned by Vahan & Danielle Gureghian who purchased the land for $28.9 million, the couple initially had issues getting approval for the mammoth home with the Architectural Commission noting that the ornate street facade didn’t match the simpler ocean-side elevation, they wanted the design toned down. It’s on the market for $69.9-million with Christian Angle Real Estate.

Under Construction
Under Construction

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