Palm Beach Kimmel Mansion Sells For Over 75 Million Dollars
Housing prices are dropping nationwide except if you are in the ultra expensive bracket, there the market is holding firm. The Kimmel Mansion on Palm Beach’s Billionaire’s Row has sold for over 75 million dollars according to those close to the deal.
Some of the new buyers neighbors include Netscape founder Jim Clark, rocker Rod Stewart, Tampa Bay Buccaneers Malcolm Glazer, and Street expert Terry Allen Kramer. It is funny that when I think of Palm Beach I think of the Rockefellers and Kennedy’s but those folks are yesterdays old money. Now Palm Beach has a new flavor of ultra rich.
Cristina Condon of Sotheby’s International Realty represented the buyer but said she can’t divulge the name. “The buyer of the estate wishes to remain confidential, and the name cannot be disclosed,” said Paulette Koch, of The Corcoran Group.
The buyer was the second to make an offer, Koch said, adding that she received a third offer during negotiations. Other prospects submitted back-up contracts during the inspection period. Koch and her son, Dana, marketed the property, although they did not enter it into the Palm Beach Multiple Listing Service. via Palm Beach Daily News
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