Billionaires' Row Mansion Lists for $195M, Above Palm Beach's Record
A rebuilt Billionaires' Row estate at 1616 South Ocean Boulevard has listed for $195 million, an ask that would beat Palm Beach's $170 million record sale.
A rebuilt oceanfront mansion at 1616 South Ocean Boulevard, on Palm Beach’s Billionaires’ Row, has listed for $195 million. That is an asking price, not a sale. If a buyer pays it, the deal would become the most expensive single-family home ever sold on the island. Nothing is under contract yet.
Why it matters
For agents pricing the top of the Palm Beach market, an ask is a signal, not a comp, but this one is deliberate. Listing broker Christian Angle also holds a $205 million former Gucci-heir compound and a $105 million mansion on the island, and he put a 2.25-acre estate at 911 North Ocean Boulevard on the market for $185 million in November. Stacking a fourth nine-figure listing this high tests how much room brokers think is left above the island’s last confirmed record, and gives every other Palm Beach seller a new number to price against while a deal is pending.
The numbers
The nearly 20,000-square-foot house sits on almost two acres with frontage on both the Intracoastal and the Atlantic, rebuilt from scratch in 2023 with seven bedrooms and 12 bathrooms. The $195 million ask pencils out to $9,790 a square foot, per The Real Deal. The property last sold in 2018 for $22.4 million to a land trust holding it for an undisclosed buyer, and before that to former Avis CEO Joseph Vittoria and his wife for about $5.7 million in 1996. The current island record is $170 million, paid in 2023 by car dealer Michael Cantanucci for a 20,100-square-foot house at 589 North County Road, which works out to roughly $8,458 a square foot, a discount to this ask. “Building a property of this scale from the ground up would take many years,” Angle said of the listing’s rarity.
What’s next
Watch for a signed contract, which would need to reset the record by nearly $25 million over the 2023 sale to justify the ask, and for a recorded deed confirming any final price. Until then, the number that matters to South Florida agents is the list price itself: a fourth nine-figure Palm Beach listing this year is now testing where buyers actually stop.