RISMedia's Real Estate Magazine

NOV 2014

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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RISMedia's REAL ESTATE November 2014 73 For Sale: The Most Expensive Listing in the Nation Want to live in the most expensive active listing in the country? Don't we all. At $139 million, "Le Palais Royal" has carved out space as the priciest listing currently circulat- ing. And it's located in Florida, of all places. The magnifcent, French-inspired Beaux Arts masterpiece sits on Florida's Atlantic Coast. The palatial, 60,000-square-foot estate roosts on more than four acres, with 465 feet of beachfront right on Millionaires Mile. In addition to a strip of sand named after a club of the richest of the rich, Le Palais Royal has a 492- foot private dock, perfect for that private yacht you've always wanted, as well as an underground garage with parking for more than 30 cars. If that isn't enough for you, then you will be tickled to know that the entry- way is marked by a 13-foot, 22-carat gold-leaf gate and a 26-foot entrance fountain, one of six outside water- falls lining the estate. The front doors lead to a $2 mil- lion marble staircase with a steel-iron railing and (you guessed it) more gold leaf, which supposedly took crafts- men over two years to construct. In addition to the estate's 11 bed- rooms and 17 bathrooms, the space is also home to the frst-ever IMAX Theater contracted for private use, featuring a 50 by 27-foot screen and seating for 18 with a bar. Currently under the fnal phase of construction, the space is slated for completion before the end of 2015, so start breaking open those piggy banks! Listed by: William P.D. Pierce, Cold- well Banker Residential Real Estate Listed for: $139 million by Zoe Eisenberg {RISMedia's Great Spaces}

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