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MOST EXPENSIVE HOMES IN AMERICA 2005: SOUTH

A $10 million mansion? Available in droves. A $20 million estate? Practically commonplace. It's not until you reach the dizzying heights of $25 million and up that you enter the realm of the most expensive homes in the South.

This Regency-style estate is on the highest point in Palm Beach--"all of 35 feet above sea level," jokes listing broker Pamela Hoffpauer, president of Martha A. Gottfried. Nevertheless, views aren't the only bang you get for the buck. The gated estate was built about 17 years ago in sumptuous style and has been updated since. Totaling six bedrooms and more than a dozen bathrooms, it features a plush velvet-clad theater, pizza parlor, wine cellar, and ten-car garage. The deep-water dock accommodates boating guests.

By Sara Clemence

Sunday, August 11, 2005 - Forbes.com

 

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FEATURED PROPERTY

Palm Beach - North Lake Way

Magnificent Gated Regency Estate on a wonderfully landscaped corner lot, 146’ x 186’. This 6-bedroom, 6 ½-bathroom home filled with great character includes a stunning Atrium, and an expansive covered outdoor Loggia. Great for entertaining, the Loggia with skylights overlooks the beautifully accented tile pool with fountain. Also overlooking this area is a separate, newly added two-story guest house with bar in living area. Brilliantly designed, the Estate offers 12’ ceilings, custom crown molding, marble floors, and carpeted bedrooms with large closets. Both the dining room and fully equipped kitchen with breakfast room open to a private walled courtyard. Some additional features include a central vacuum system, security system, four-zone high efficiency air/heating units, 3-car garage, a generator, and security lighting in the lush landscaped Tropical Gardens. Approximate total square feet: 7,754.

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Note: No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omission, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.Copyright ©2004-2009 Martha A. Gottfried, Inc.
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