A Palm Beach luxury oceanfront home and seven-bedroom guesthouse recently sold for $41.5 million in the highest residential sale in Palm Beach since the housing market crashed.

Gay Hart Gaines, one of the owners of the luxury beachfront home, is a longtime Republican Party fundraiser who also served many years as the national chairman of GOPAC. Stanley N. Gaines is a retired chief executive of an automotive company.

According to the warranty deed, this was a private sale to Endigan LLC, an Arizona-based limited liability company.

The property consists of about 2 acres, with more than 160 feet of ocean frontage and a private road that was purchased in 2003. The property was originally purchased for $6.5 million in 1998.

Source: Palm Beach Daily News

1473 N. Ocean Blvd., Palm Beach