A waterfront mansion sold for $42 million in Palm Beach. The ultra luxury estate at 1220 S. Ocean Blvd. was developed as a spec home and was listed for $74 million.

Located on exclusive Billionaire’s Row, the lakefront estate was completed in 2011. It has never been lived in and features 200 feet of waterfront. The home and guesthouse include 27,000 square feet of living space, including a 4,000-square-foot master suite and 8 additional bedrooms.

The $42 million price tag is the second highest price recorded for a lakefront home in Palm Beach. The highest price ever recorded for the sale of a luxury residence on the Intracoastal Waterway was $50 million in 2006.

Source: Palm Beach Daily News

1220 S Ocean Blvd, Waterfront Mansion in Palm Beach