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Historic Canterbury Estate – $35,000,000

Historic Canterbury Estate – $35,000,000

May 19
22:53 2010


Okay so I first heard about the property today while searching Google.  I was surprised to learn that the Estate was purchased by Izzy Asper in 1997 for only $7.5 Million which is far off from the current $35 Million Dollar price tag!  What exactly does $35 Million buy you?  Well you get approx. 12,500 Sq. Ft., 9 Bedrooms, 11 Bathrooms, Tennis Court, Ocean Views and not to mention the history that took place in 2000.  The $3.1 Billon Deal known as ‘A Canterbury Tale’ is the history I’m referring too.  Mr. Asper contacted Conrad Black in 2000 with an idea to purchase several Canadian Newspapers owned by Lord Black’s Hollinger International Inc.  He agreed and the deal has been known as ‘A Canterbury Tale’ ever since, taking reference to the Mansion’s address (102 Canterbury Lane).  In the end the deal wasn’t a good choice, both companies ended in bankruptcy protection having all their assets sold for a fraction of their purchase price.  Izzy Asper than died in 2003 while Lord Black is in prison for fraud.  The home is now offered for sale by Izzy’s surviving widow – Ruth Asper.

I can’t get over how spectacular those views are, you’re literally looking onto a never ending Ocean.  As far the property goes, it’s amazing – so large and so green.  The railing separating the beach from the yard is bit more luxury than I’ve seen before but looks amazing.  The home also has what I like to call ‘Inner & Outter Swimming Pools’ meaning there is one close to the Ocean as well as one closer to the center of the property.  The Interior Space offers a lot of great features such as detailed ceilings, chandeliers, wainscoting, hardwoods and a gorgeous wood paneled study with coffered ceilings & Ocean Views.  The only negative I can think of is that I dislike the murals featured on some of the walls – hello can of paint!  I do wish I could see pictures of the Kitchen, you can sort of see it in one shot and it does indeed look updated with great floors!  Will it sell for $35,000,000?  Who knows!  Only time will tell!

Price: $35,000,000
Size: 12,539 Sq. Ft.
Bedrooms: 9
Bathrooms: 11 Full, 2 Half
Speciality Items: Owned by the late Izzy Asper, Ocean Views, Tennis Court, Sprawling Floor Plan.
Address: 102 Canterbury Lane, Palm Beach, Florida, United States

Listing Details:
This sprawling direct oceanfront Bermuda-style home provides gracious living and entertaining.  Enjoy incredible water views from the all major rooms and from the wonderful covered loggia.  The brilliant floor plan includes 12,539 +/- square feet of beautiful renovated living space as well as staff quarters, and a four-bay garage.  Other features include a courtyard pool and night-lit tennis court.

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