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Hedge fund billionaire Steven Schonfeld is in contract to buy an oceanfront estate in Palm Beach, Florida for just under $200 million. This would make it the most expensive single family detached home ever sold in America. The most expensive home ever sold is a NYC condo bought by billionaire Ken Griffin for $238 million.

Located at 1415 South Ocean Boulevard, the 4+ acre oceanfront estate is currently owned by philanthropist Sydell Miller, who co-founded Matrix Essentials, a hair and beauty line, with her late husband, Arnold.

Schonfeld also owns a $90 million estate in Old Westbury, NY that boasts its own private golf course.

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