Following some mega listings in Manalapan, FL, Margit Brandt, one of Palm Beach’s busiest brokers, has brought another nearly $100 million estate to the market just as the season in Palm Beach begins.
A renovation of the waterfront compound at 1460 N. Lake Way, sited on the coveted North End of Palm Beach Island and next door to actor Sylvester Stallone’s estate, was recently completed this year.
“One of about only 25 direct Intracoastal Waterway homes on Palm Beach Island which is both North of Worth Avenue and not obstructed by the Lake Trail, this show-stopping, ultra-high ceiling residence with 16,000 square feet of total living space sits on nearly an acre and features 165 feet of water frontage with a new deep water dock ready to accommodate a large vessel,” says Brandt, a Senior Luxury Real Estate Advisor at Premier Estate Properties, the exclusive Christie’s International Real Estate affiliate for Palm Beach Island.
The asking price? A cool $95 million.
“With no expense spared and extensive attention to detail applied,” the home offers six bedrooms, six full bathrooms, and three half baths. This includes dual primary suites and a private soundproofed guest apartment.
Originally built in 2005, it was the home of former Palm Beach Town Council President David Rosow and his wife, Jeanne, who, according to The Palm Beach Daily in 2018, sold it for more than $21 million. They built it in “the architecture of a West Indies-style plantation house with a broad lakeside loggia, wide verandas and two-story columns,” the article described.
Records show the owner is a limited liability company connected to Pamela W. Starret, a British investor in the mining and energy industries.
The home, which sits behind gates, begins with the entry hall off the east terrace that leads into a great hall with 26-foot ceilings. The impressive hall leads into a great room with a circular wet bar. The dining room is just steps away, separated only by the partition wall for a television and artwork. Both spaces have several sets of impact-glass doors that swing out onto the covered terrace overlooking the pool and Intracoastal Waterway.
As for the dining room, it features a glass-enclosed wine room where hundreds of bottles are on display for guests.
Just past the dining room, down a hall, is a vestibule to the guest suite with a full bathroom and walk-in closet, as well as direct access outside. Stairs lead up to another guest suite with the same amenities except for two balconies.
The home, which sits behind gates, begins with the entry hall off the east terrace that leads into a great hall with 26-foot ceilings. The impressive hall leads into a great room with a circular wet bar. The dining room is just steps away, separated only by the partition wall for a television and artwork. Both spaces have several sets of impact-glass doors that swing out onto the covered terrace overlooking the pool and Intracoastal Waterway.
As for the dining room, it features a glass-enclosed wine room where hundreds of bottles are on display for guests.
Just past the dining room, down a hall, is a vestibule to the guest suite with a full bathroom and walk-in closet, as well as direct access outside. Stairs lead up to another guest suite with the same amenities except for two balconies.
The primary bedrooms boast massive, luxurious bathrooms and custom walk-in closets.
Two more bedrooms can be found on the other side of the second level, also with access to the east verandah.
All of the en suite bedrooms have walk-in closets. A laundry room can also be found on this level.
Along the water on the three-quarter-of-an-acre lot, there is a 75-foot travertine swimming pool with a sun shelf and spa. An outdoor cabana, measuring nearly 400 square feet, is perfect for entertaining.
There is also a two-car garage and a whole-house generator.
Over the past two months, Brandt brought two Manalapan estates to the market, one for $95 million and the other for $79 million. Hamptons luxury home builder Joe Farrell is the force behind the neighborhood’s $95 million estate, still in the process of being built, while the other is a Mediterranean compound consisting of more than 25,000 square feet of living space with a private primary wing, a separate guest house and a waterside pool and loggia.
