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Location: 1071 N Ocean Boulevard, Palm Beach, FL

Square Footage: 35,993

Bedrooms & Bathrooms: 5 bedrooms & 17 bathrooms

Price: $79,500,000 ($84,500,000 in 2015)

This newly built Mediterranean style oceanfront mega mansion is located at 1071 N Ocean Boulevard in Palm Beach, FL and boasts 240 feet of water frontage.

As some of you may recall, we posted about this property back in 2012 when it was reported that Philadelphia attorney and entrepreneur Vahan Gureghian was building this massive home. Vahan and his wife purchased the land for $28.9 million.

The home was designed by Pennsylvania-based architect Frederick L. Bissinger Jr. along with Smith and Moore Architects of West Palm Beach. It features approximately 35,993 square feet of living space with 8 bedrooms, 7 full & 10 half bathrooms, 2-story foyer with staircase, 2-story great room, formal dining room, gourmet kitchen, family room, home office, library, billiards room, home theater, wine cellar, game room, bowling alley, gym, massage room, two 4-car garages and more.

Outdoor features include 2 terraces, 2 loggias and a swimming pool.

It is listed at $79,500,000.

CLICK HERE FOR THE LISTING

  • horselips

    Yes, yes, yes, it’s all very big and nice, but anybody with $80 million to blow on a roof isn’t likely to settle for somebody else’s concept – for that sum you could have every architect in town beating a superhighway to your door with dream house fantasies no spec effort could hope to match.




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    • horselips

      Oh, and this (crummy) lot cost $28.9 million! Kidding me? As oceans go, this one is as good as any, but for almost $30 you can buy a helluva nice custom ocean-going superyacht that will give you much more “ocean frontage” than this back yard ever could. And imagine what kind of mansion you could have if so much loot wasn’t squandered on just the lot. Watch this price drop by quite a bit and deservedly so.




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  • Atlas

    This may be an oceanfront plot but at almost a 90 minute drive to downtown Miami this not worth $80 million




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    • Daniel

      Residents of Palm Beach typically do not consider Miami a destination. The buyers in Palm Beach could not be any farther from the buyers in Miami. Completely different market (of which, Palm Beach is infinitely more exclusive & prestigious).




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  • Barnabus Samuel

    And the band played on.

    The nuclear-powered megalomaniac lawyer who built this superstore-abysmally-masquerading-as-a-single-family-home will, if he doesn’t sell it first before it’s finished, live in it for a couple of years max, using it to bolster and feed his inarguably huge ego hence the absurd size, never sincerely utilize even 1/3 to 1/2 of the square footage even once, go through a savage divorce and then put it on the market for maybe 3/4 to 1/2 of what it cost him to buy the lot & build it. Humans will generally never be able to realize that most of the time, more has never been, is and will NOT better.




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  • GeorgeC

    This mansion is now on Zillow. Looks like it went on sale in early January 2017. Lots of new pictures. The price has gone down to just $69.9 million. 😉




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