Located on Billionaires Row in Palm Beach, Florida, Realtor.com announced this week that the newest most expensive listing in the U.S. clocks in at $59.9 million.
The seven-bedroom, 14 bath home on Ocean Boulevard sits on nearly two acres, and boasts 23,897 square feet of living space.
Less than 2 miles from a little resort you may have heard of — Mar-a-Lago — the home showcases water views from the Atlantic Ocean and the Intracoastal Waterway through the use of large and abundant windows.
In fact, the home has about 175 feet of waterfront with east and west views.
And there is a great deal of bang for your 59.9 million bucks — a dining hall can accommodate two large tables and allows hosts to throw dinner parties of 20 or more.
The kitchen has all the de rigueur items — high-end appliances worthy of a chef, plenty of prep space, and luxury finishes — as well as the extras, like a pizza oven.
A wine cellar, media room, and library, as well as plenty of entertaining spaces, provide plenty talk about inside.
But outside is worth of a conversation, too. There’s a clay tennis court, glass-tiled pool, and a 200-foot-long boat dock.
But $59.9 million is not the priciest the home has been — in 2014, if was listed for $99 million, and has gotten several cuts before leaving the market and then returning this week.
But don’t weep for the owners — that nearly $60 million price tag is still substantially higher than the $16.5 million median sale price (according to Housing Wire).
While the luxury market is not as robust in major cities worldwide, Florida is one spot in the U.S. that is bucking the luxury decline. Eleven of the state’s counties count as luxury markets, and in August, luxury prices across the state reached $1.03 million, up 2.8 percent year-over-year, and million-dollar sales are up 13 percent year-over-year.
“We are seeing a consistent upward trend each year in prices and sales,” Florida Realtor James Watts told us recently. “In 2010-2012 it was a sharp increase each year, but over the last couple of years the market has settled into a healthy trend.”