This spectacular oceanfront mansion is currently the 2nd most expensive home for sale in the Palm Beach area. Located at 101 El Bravo Way, the newly built home boasts over 21,000 square feet of living space with 9 bedrooms and 11 bathrooms. It is listed at $47,500,000. My favorite room is the MAGNIFICENT library/office with the gorgeous floor to ceiling built-ins. What do you think?

HERE ARE THE LISTING DETAILS:

Palm Beach Estate nearing completion. This important, brand new 21,000+ SF residence is sited majestically on a high elevation 44,000+ SF piece of prime oceanfront real estate. The Mediterranean style, three story home offers extraordinary architectural choices, stunning details and high tech amenities throughout. Main floors offer morning loggia, gathering spaces, oceanview guest & VIP suites, grand foyer and galleria, lovely 20′ x 40′ pool set beautifully among gorgeous landscaped gardens. The second level comprises 3 en-suite bedrooms, a bonus and an Oceanside maser bedroom suite, morning bar and laundry. A lower level houses the commercial laundry, staff accommodations, and flex space for wine storage, pub, exercise, and/or game room facilities. Commercial elevator, 4 car garage, home lighting systems, security system w/cameras, hi-tech wiring, hurricane glass and whole house generator complete this spectacular one-of-a-kind offering. Construction by Dan Swanson.

CLICK HERE FOR THE LISTING

  • KEV

    I hope that kitchen photo is a second kitchen for servants or maybe for the media room, because a $47,500,000 home can’t have a kitchen that size. No way. Overall, very impressive, but probably not worth more than 30M.




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  • Barney

    Couldn’t agree more, KEV. Also, while the house is absolutely beautiful, and I’m sure made extreeeeeemely well, the most amazingly glaring detraction for the house is that it is NOT, repeat NOT directly on the Ocean for FORTY-SEVEN-MILLION, FIVE-HUNDRED-THOUSAND-DOLLARS!?!?!? It’s separated by a public road! Unbelievable.

    Kenny, you know what I mean? For that ungodly amount of money, it should be RIGHT on the ocean, with private beach frontage……..agreed?




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    • Kenny Forder

      I TOTALLY agree. I sure as hell wouldn’t pay that much if I wasn’t getting a home DIRECTLY on the ocean.




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      • Stewie

        Exactly, you guys nailed it. That’s the first thing I thought too. Over 47 million and not even ocean front? That’s a complete, utter rip off. For that price you definitely want ocean front or at the very least lake front. Preferably though ocean front, sitting right on the beach. The home is quite nice, but no where near worth 47+m. I personally think it isn’t worth much over 15m. It’s not on the beach OR on the lake, it doesn’t have a tennis court (that is an amenity I would definitely expect for that price). Just a complete fantasy listing. The owner needs a reality check and to cut the price in half if he wants to get some serious offers.




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    • Venom

      Most Palm Beach homes are not on the ocean.
      My buddy’s house in on Ocean and is worth about $25 million or so.
      It has a tunnel in the home that goes under the street and takes you to a small beach house/cabana that in on the beach on the other side of the street.

      If you want to be on the water you have to go out to Manalapan.




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  • Onions

    i agree with everyone. it also has very little privacy.




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  • Marie

    Everybody has already stated my exact thoughts.




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  • Daniel

    Venom is right. The majority of homes on in Palm Beach do not have a direct oceanview. You must remember though that even the crappiest sliver of land, even an interior lot not bigger than a tenth of an acre will still for $1 million+. The home is also within walking distance to Worth avenue.

    If you want direct ocean in Palm Beach, expect to pay at minimum $20 million just for the (estate sized) lot.

    That being said, I too think it is slightly overpriced. A selling price in the $30-$35 million range will be likely.

    There is this new home directly on the ocean as well for $35 million, but it is only 10,000 square feet, and in an area of town that is not nearly as desirable as the home above.

    sothebysrealty.com/en/PropertyDetails.aspx?R=100075117&N=12+149+4294945102&curr=USD&No=0&PSeq=0




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  • jdubble07

    What about Dan Swanson’s spec home at 1220 South Ocean which has a listing price of $75m?
    http://1220southocean.com/




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    • Kenny Forder

      Oh yeah, I forgot about that one. I guess I need to change the title now =P




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  • Nick

    It’s not something special.

    The price is outrageous.




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