$80M Oceanfront Compound is Third-Largest in Palm Beach
$79,500,000 | Built 1998 | 15,514 Sq. Ft. | 7 Beds | 11.5+ Baths | 7.35 Acres
12525 Seminole Beach Road, North Palm Beach, Florida, United States, 33408
It’s not often an opportunity such as this presents itself. The third largest oceanfront compound in all of Palm Beach County has hit the market for $80 million. The 7.35 acre estate is set behind the gates of the ultra exclusive neighbourhood of Seminole Landing and includes over 520′ of ocean frontage. The Real Deal revealed that the property is said to be owned by financier Gabriel Hoffman. Developed in 1998, the Tuscan-style estate has been masterfully created to capture panoramic ocean views with a large private pool terrace perfect for entertaining. There is over 15,500 square feet of interior space with a dedicated theatre, large wine room, chef’s kitchen, 7 bedrooms and 11.5+ bathrooms. Mansion Global revealed that the property was last acquired in 2012, when two parcels were combined at a cost of $41 million. It’s on the market for $80 million with Gary Pohrer of Douglas Elliman.