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Home > Real Estate > Archives > 2006 > September > 11

Monday, September 11, 2006

Palm Beach’s priciest listing

By Jeff Ostrowski | Monday, September 11, 2006, 12:29 PM

Time to play name that property: It’s a palatial mansion in the 500 block of North County Road on the north end of Palm Beach. It boasts an exercise room, theater, five-car garage and the obligatory expanse of oceanfront. It’s also the most expensive listing in Palm Beach County, according to the local Multiple Listing Service.

You’re probably about to name Donald Trump’s $125 million fixer-upper at 513 N. County Road. Close, but not quite. The Donald’s listing, for whatever reason, isn’t in the MLS.

The winner is the 1.75-acre property at 589 N. County Road. It’s on the market for $45 million.

Property records list the owner as D L K K, which is controlled by Dean DeSantis, son of Rexall Sundown founder Carl DeSantis. He paid $11.8 million for the property in 2001.

Who says the days of big appreciation are dead? Then again, the property has been on the market since 2004.

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