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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