Mega Mansion in Palm Beach Sells for $152,000,000

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The mansion sitting on a private island at 10 Tarpon Isle in Palm beach has finally sold, they got $152,000,000! This is one of the most amazing and iconic homes to have ever hit the market in Palm Beach. In today's episode we look at the listing and the photos, we talk about the developer, we dive into the back story on this crazy luxury property, and at the end we glance at some of the other luxury mansions for sale around Palm Beach.
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I hope that you enjoy this video and if you have comments please leave them below! See you next video!
-Scott
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[@YESITSWILL]

I'm going to go out on a limb and guess that this house was purchased by a wealthy person.

[@Real.Estate.Report]

😂

[@LooshChipper]

Thats a bit presumptuous

[@Kodakcompactdisc]

I wouldn’t say I’m wealthy but I’m comfortable.

[@rgarri6396]

Some young kid on KZbin!

[@Heartbreakin]

Arvin Haddad did a fair review of this place , and as usual he didn't sugar coat it .

[@Heartbreakin]

kzbin.info/www/bejne/aZ7QaHloeJKCbKc

[@Real.Estate.Report]

I like his videos lately

[@guitar911rock]

kzbin.info/www/bejne/aZ7QaHloeJKCbKc

[@hewitc]

Buyer is an Australian investor, former senior executive at Blackstone.

[@youngandrestlessjean3634]

Sounds about right.

[@polyphonics557]

For me the problem is it's the most public private island.....it's got about as much privacy as a goldfish bowl.

[@user-cw8fe6ml5f]

That’s for photos. The truth is there are probably 10 or more people on property on most days. This property has a large staff to maintain it properly. That’s the down fall of an estate like this, you are never alone because there is always someone there.

[@scabthecat]

Private island with no privacy.

[@diegoromero7930]

Australian investments tycoon Michael Dorrell is the buyer.

[@guitar911rock]

water level at the statue in liberty hasn't changed in 139 years. we are good boys

[@Real.Estate.Report]

Hey that’s a good point!

[@hewitc]

Greenland was almost completely covered with snow and ice for hundreds of years. Now? Not so much. Last year was the hottest year on record. Every year will be the hottest from now on. A chunk of ice the size of Rhode Island came detached from Antarctica and is melting. The past is becoming not predictive of the future.

[@stuart77744]

Why don’t you tell that to island states like the Maldives who are sinking in rising waters. I know this may seem incredible to believe, but the world doesn’t revolve around an American [!!!] statue ......

[@guitar911rock]

@@hewitc yet nothing changed with flooding :)

[@hewitc]

@@guitar911rock nothing? that depends. many places are suffering from risingg water levels. sea water rising is causing the roads in key west to decay. miami gets flooded pretty badly. it's a slow process. also the surges are higher during storms.

[@SpencerCornelia]

driving down A1A in Palm Beach is really awesome

[@Real.Estate.Report]

Especially in a convertible

[@Bxr12]

Hurricanes are the price of paradise. I live in the Turks and Caicos Islands and it’s the same situation here (although typically we get hit less often than Florida). If you want coastal tropical, you’re getting hurricanes or typhoons or cyclones. It’s the way it is.

[@Real.Estate.Report]

Good point.. and wow what a beautiful place to live. I’ve always wanted to visit there some day

[@nixer8984]

@@Real.Estate.Report Don't bring any ammo.

[@operator0]

Mar-a-lago is just a couple miles down the road, and as we all saw, the judge in NYC valued that property at just $19 million. Makes you wonder how this one sold for $150+, doesn't it?

[@Ontheroxxwithsalt]

Even the property appraiser has the value listed as 37,000,000 but as someone who lives in Palm Beach County I can tell you that house values are often DOUBLE what they're worth EASILY. I work in Zoning and Building and the median price for a home on Palm Beach island is $2,100,000 and inland the median is around $500,000. That's just the AVERAGE. Mar-a-Lago is an exemplary property and has been updated many times over the years. $19,000,000 is a joke. There is not a person who knows real estate that thinks that the property is only worth that much. It's not just a home. It's also a country club and has a golf course. The land might be worth $19,000,000 without anything on it.

[@blackbelt2000]

The island has been there since 1938 so if all those hurricanes since then haven't wiped it out then hurricanes won't be an issue. Rising sea levels maybe.

[@harpal999]

Great content as always. Keep it coming!

[@doowroh]

152 mil and no drawbridge?

[@Real.Estate.Report]

😂

[@tammyc6863]

If that first house lasted since 1943 Im sure this new house is safe. I envy anyone who buys these mega mansions, i could only wish.

[@RawOlympia]

awesome, love that moat feeling and the bridge, such a place, awesome and inspired ~

[@chrisonYTtour]

It’s nice enough, but it’s such a unique location and they go and put some basic suburban mansion on it, seems like a wasted opportunity for something more bespoke or spectacular

[@Real.Estate.Report]

That’s a good point… the sky was the limit with that location

[@user-cv3bv5or9m]

Love this video! 😎

[@sierrapeaks]

Another Great video! Can we get an update on your spec home? I'd love to see how its coming along.

[@Real.Estate.Report]

Yes for sure. I’ve been a bit ashamed to show it lately, I’m facing an unbelievable amount of delays. But I’m excited to do another walk through soon.

[@user-cw8fe6ml5f]

This is of on of the best properties close to the ocean. It’s absolutely fabulous.

[@abrahamcortes8100]

Very nice !

[@crizzy8373]

The interior is boring in its repetitive use of white…

[@Real.Estate.Report]

It is a lot of white.. I don’t mind that but not everybody’s taste

[@guitar911rock]

too sophisticated for you, clearly.

[@notshylo]

@@guitar911rockbut that’s just it…it’s not sophisticated at all. Very bland, very basic, very suburban. The finishes don’t suggest $152M, let alone $200M+.

[@guitar911rock]

@@notshylo firstly you underestimate the value of the rarity of this piece of land alone. It doesn't exist anywhere let alone prestigious palm beach. while I agree some finishes were under par, billionaires have insane hectic lives. The last thing they want is to come home to an absurd ornate busy wallpaper house. There's a beauty in simplicity.

[@user-ml1ki8ml1z]

I like it - secluded - but what happens when the sea rises? 🤷‍♀️

[@tigergreg8]

Funny to me how most of these beautiful homes never seem to have anyone around. No one ever in the pools, no one walking the ground, no one anywhere in site. LOL. Seems like such a waste.

[@w.harrison7277]

I'm imagining the kind of person who bought this is paranoid about their safety. I would expect them to be a billionaire in a dangerous occupation. Someone like Peter Thiel, founder of Palantir, which makes among other things, battlefield software for soldiers. If you could force him to unlock encryption entire nations could topple. This would be a good compound for such a person, the water is too shallow for a submarine, hostile military ops can't otherwise get to him by boat because of the Coast Guard, and lining the perimeter of the island with security staff would make it a fortress, all the while away from prying eyes.

[@prospect8696]

If a hurricane (direct hit) comes through. Then yes, 15 to 20 foot rise in sea level will happen and it’s under water. Most mansion on the west coast after the last hurricane, are being raised.

[@michaelsaunders5138]

I could not even pay the taxes or upkeep for that place.....

[@Real.Estate.Report]

Property taxes $1,184,026 per year !

[@skymuffn]

@@Real.Estate.Report…hot damn! Last Sunday I was at the BBQ Soirée of my neighbors across my street and we was yapping about taxes. He usually updates me on his property taxes and his went up to $135K which is a paltry amount to compare but it is a huge jump from my folks who sold it 24 years ago. We are in the small Bay Area town of Atherton.

[@hhazelhoff1363]

I don’t see the value, you can buy an ocean front mansion, a bay front mansion for your boats each for 25 million or less. So now your into it for 50 million. That leaves you a 100 million and some change. Maybe take a cruise or two. Makes no sense

[@blexyyt1887]

There’s a tour video to sell the house on YT if y’all wanna see everything in the island.

[@tyeteames7192]

Fascinating. 152 million, and it still looks very close to "a doller forty-nine day special.

[@DORSEYLANDRIA]

darn. i waited too long

[@MsMizzc]

Amazingly beautiful ❤

[@Real.Estate.Report]

I agree!

[@bsenka]

You can buy much larger fully developed islands that are truly private for a fraction of the price. The reason this one is so expensive is because it ISN’T private - it’s a showcase property surrounded by showcase properties where everyone wants everyone else to see how much money they have.

[@vldon5931]

where is the listing for the 18 mil mar a lago ???

[@L4WNY..]

First thing I'd do after moving in........... Get rid of the bridge!! 😊😂

[@inline6bov]

Should have linked the social diary

[@annonymously331]

Expected, like I’ve said many times before the palm beach market is insane. This house would not have sold for a third of that just 5 years ago

[@bradp767]

Wow someone must have got ripped off. Remember the judge in New York said that Mar-A-Lago was only worth 19 million so that means that's worth like maybe two or three or that judge was completely wrong and 19 million from our Lago is insane

[@operator0]

Located only a couple miles down the road.

[@denniss5505]

Maralago is not a private home, though it used to be. It is a commercial space that garnered special tax rates and zoning variances when converted from a private historic residence to a business residential membership club. It is not zoned for full time residential living. If it was converted back, the property would increase in value and the taxes would dramatically increase. It’s either a business or private residence, they're taxed and zoned differently for a reason.

[@operator0]

@@denniss5505 So the property is worth $19 million as a commercial property and north of $500 million as a residential property? You do realize that sounds ridiculous.

[@bradp767]

@@denniss5505 okay so you just said a whole lot of nothing important because you still didn't explain how they can try to justify and say that his commercial property is only worth 19 million maybe you need to go read exactly what that judge said she said marlago not parts of Mar-a-Lago Mar Lago was a whole is only worth 19 million so again you just did a whole lot of talking to try to justify a bunch of BS and still didn't prove anything that helps the judge in her decision that it's worth $19 million. Matter of fact commercial properties go for more than private properties so you just help prove my point even more The judge is corrupt and the property is worth way more than 19 million

[@denniss5505]

@@operator0 north of $500M is a deranged mans wet dream. The most expensive property to ever sell in Palm Beach County or Florida in general is less than $200M. Have you been to Palm Beach? Ever seen Mar-a-Lago? The most valuable thing about that white elephant is the property itself, and then only if it were subdivided. Donald bought the property in 1985 saving it from being torn down. As it sits today it cannot be torn down, subdivided, or used as a private residence. It is limited in its use due to the restrictions and special accommodation made when it became a private club, thus effecting the valuation. I can’t answer to the $19M because I don’t have the pertinent information. However, though 19M is extremely low, its valuation is based on the restricted special use which theDonald negotiated for, and agreed to, in order to get his preferred under market assessment for lower property taxes. He has a sweet deal that would not be possible to negotiate today, and is paying much less than it should be. This is another example that proves the rule in his ongoing crimes. He inflates valuations to banks for loans, then appeals those values to reduce property assessments for lower taxes. You can’t have it both ways.

[@donttouchmysilver8202]

That marble bathroom is way over $1 million. Probably anywhere from 2-5 million tbh

[@HumansAreBots]

This is not “Lake Front” this is inter-coastal front with ocean access literally 5 min away on boat.

[@natethetoe386]

As far as the house being under water, what happens with the tides? Is there no tide in this water somehow, or are the images just taken at high tide?

[@operator0]

Tides are shallow in this part of the world.

[@jamieusaa]

I hope they have lots of insurance!

[@45searay]

Great Recon….

[@helloworld9811]

3:23 Asking for 152m, yet still using cheap wallpaper. For 152m, the developer still didn't furnish the master walk-in closet.

[@nromanov2150]

Im thinking its been there since 1923 i think its safe from hurricane or tidal serge its the same level as the main land

[@josecla71]

I see this property and just think about insurance in FL, but owner probably doesn't know how much it is, just sends out a wire and Paid!

[@trooper1972]

I’m sure it’s just a vacation home 🏡 🌊

[@Real.Estate.Report]

Apparently they already moved in! But you’re right could just be a vacation home still. This buyer probably owns a bunch of homes

[@annonymously331]

$125million was for the house as is. $210 and $218million was for the completed remodel

[@jamielancaster01]

That is 31% less than the $218 million they wanted for it.

[@Duh_Huh_24]

That isn't a LAKE bro. It is on the intracoastal and you can take your 200ft yacht there and dock it. I'd use "I'm guessing" less. Looking at a dining room table and you're guessing it is the dining room? You're guessing about the obvious? LOL Ok

[@Real.Estate.Report]

Thanks for the critiques, always looking to improve!

[@jameshobbs6092]

“PRIVATE!” What’s private about it? A thousand set of eyes are watching every move you make 24hrs a day. No Way!

[@Real.Estate.Report]

Hmm good point

[@Yah-qe8jl]

My Ancestors coming thur😂😂😂🎉🎉🎉

[@johnpatterson9219]

A lot of this homes interior images are CGI.

[@alexisrivera4453]

For $5.00 dollars we did not reach an agreement to buy it. 🤷🏻‍♂️🤩

[@tayne5009]

The city of Miami is spending at least half a billion to raise street level above rising tides. I wouldn’t have wasted my money on this house.

[@ashishpatel350]

at this price i wouldnt want a remodel. id want a brand new construction

[@TheOhMyGoddess]

The builder of this home truly didn’t have KING TIDES/Hurricanes in mind!! Why build this home ground level?? Concrete pilings would’ve been better to have an additional 21,000 sq ft of under home usage and avoid FLOODING‼️💅

[@shangauer]

Maybe it would be difficult tying into the existing house but that thing should have been built up 10 feet off the ground. Let the island flood but at least your house is good. A big hurricane in the inter coastal is going to destroy that place

[@jagpilotohio]

It 100% will be under water eventually but it will take decades.

[@donte2948]

You meant who is the real estate agent who sold it? LOL

[@Ric995]

Why would you want such a big swimming pool when 10 ft further you can dive in the ocean?

[@TheMarslMcFly]

Give it 20 or so years and he'll have a natural saltwater pool. Also fuck me, that full marble room is one of the ugliest pieces of architecture I've ever seen

[@antomano5623]

Especially the cabinet doors

[@user-cw8fe6ml5f]

They made good $$$ , no worries

[@SJ-lc3xz]

salvatore mundi painting hints that this house was purchased by a saudi royal prince

[@alveenarahman3459]

15 years time , it will wipe out.

[@CrawfishCuban]

And they still wanna say Mar A Lago is worth 18 million

[@Dante3X]

👀

[@realestatephotovideoshawns1177]

Only the palm beachers are allowed to call it a lake. And comparing it to a yacht OK, if people have several homes. Look at the population of Palm Beach season and off-season.

[@catcait2547]

Above the water eventually 😂

[@Danimalpm1]

You lost me with your 2nd sentence. It’s definitely not a lakefront home.

[@Suffragium.]

Eventually 🧜🏻‍♀️🧜🏼🐠🦐BUT we sure won’t be AROUND

[@360milliondollars]

Oh... the power of inflation and income not keeping up... LOL

[@alanaldpal950]

Mar Lago is worth a lot more

[@dougg4633]

At today's rates that's 1 million a month

[@AlistairKiwi]

Ridiculous.

[@surfstarcc1]

That private island will do nothing more than gain in value, the sea level is nothing to worry about.

[@Real.Estate.Report]

Yeah it’s a special place

[@williamcordell38]

All of palm beach is predicted to be underwater due to global warming

[@1968cbell]

Hope they have millions in hurricane insurance, otherwise can’t wait to see this monstrosity under 20 feet of water :)

[@drowe2]

Interesting - this billionaire can’t be worried about climate change, so why should I?

[@Real.Estate.Report]

Totally!

[@TheMarslMcFly]

I'd be surprised if people that fly private jets give any fucks about climate change

[@drowe2]

@@TheMarslMcFly touché!

[@simewood2040]

I’m gonna go out on a limb and speculate that it was bought by Zylonski??

[@Goxilla]

The bigger the house, the uglier the interior

[@te8828]

Yet Maralago is only worth 18 Million?? Got it hahahahahaha

[@erindanelleavilaavilaguerr7251]

Ok, hunter Biden knows how to use a computer and now discusses realty

[@juliebaird9946]

Probably some Billionaire Arab bought it for his 16-year-old kid. 😂

[@luispacheco7566]

It's not a lake 😒

[@Real.Estate.Report]

True

[@daidavies6210]

A FOOL and His Money bought it….😂

[@dabomboo7o]

First

[@Real.Estate.Report]

That was fast!

[@kaisa9688]

Mid property

[@donttouchmysilver8202]

In 60-200 years it will be underwater

[@Lovepinkdress]

Zelenskyy 😅

[@burningmanmike]

Once below sea level, this property will be worth zero.

[@yappering]

And mar a lago is only worth 18 M 🫨