The nearly 20,000-square-foot Palm Beach estate offers rare ocean-to-lake frontage and an 18-car garage, about a mile from Mar-a-Lago. If it sells anywhere near the ask, it would become the priciest single-family home ever sold on the island.
Key Takeaways
- A nearly 20,000-square-foot mansion at 1616 South Ocean Boulevard on Palm Beach's Billionaires' Row is listed for $195 million.
- If it sells near the asking price, it would top the island's current single-family record: the $170 million sale at 589 North County Road in 2023.
- The land last sold for $22.4 million in 2018 and about $5.7 million in 1996.
Palm Beach's trophy-home market keeps climbing, and its latest listing sets a new high mark for ambition. According to The Real Deal, a nearly 20,000-square-foot mansion on the island's Billionaires' Row has hit the market for $195 million. If it sells anywhere near that number, it would become the most expensive single-family home ever sold in Palm Beach. For now, though, it is an asking price rather than a closed deal, and a striking sign of how high the top of the market has reached.
What does a $195 million Palm Beach mansion include?
The estate at 1616 South Ocean Boulevard offers 19,919 square feet of living space, close to 29,000 square feet in total, on nearly two acres, with seven bedrooms, 12 bathrooms, and a powder room. Rebuilt from the ground up in 2024, it includes an 18-car garage. The real prize is the land: a rare ocean-to-lake lot with waterfront access to both the Intracoastal and the Atlantic.
At $195 million, the ask works out to about $9,790 per square foot. Property taxes alone exceed $1.1 million a year, though there are no HOA fees. Christian Angle of Christian Angle Real Estate holds the listing, and the seller is shielded behind a land trust, standard for Palm Beach trophy deals. It is one of several nine-figure Billionaires' Row listings.
Would this actually set a Palm Beach record?
It is worth being precise: $195 million is an asking price rather than a completed sale. If a buyer meets it, or comes close, the deal would become the most expensive single-family home ever sold on Palm Beach, topping the island's current record, luxury car dealer Michael Cantanucci's $170 million purchase of a 20,100-square-foot estate at 589 North County Road in 2023. That would put the ask roughly $25 million above the standing record.
As Larry Mastropieri put it on the Discover South Florida Podcast: "This is arguably one of the most expensive pieces of real estate in the United States. We're talking about real estate that is just on a completely different universe." Whether a buyer actually pays the ask is the open question, since trophy homes often close below their headline price.
Why is the price so high, and what is the land story?
The most striking part is the price history. The property last sold for $22.4 million in 2018, to a land trust on behalf of a protected buyer, and before that it belonged to former Avis chief executive Joseph Vittoria, who paid about $5.7 million for it in 1996. So a lot that traded for under $6 million in the 1990s is now marketed at $195 million.
That is largely a land-and-location story, since the house itself was rebuilt in 2024. On Billionaires' Row, buyers are paying for a scarce stretch of ocean-to-lake frontage, and the broker's argument is that a property of this scale would take many years to recreate from scratch. It echoes a pattern across South Florida's top tier, where scarce waterfront can command extraordinary sums, as it did when vacant Manalapan land sold for $105 million.
Curious what waterfront land is really worth in Palm Beach or Manalapan? A local expert can help you read the luxury market before you buy or sell. Talk to a real estate agent in Palm Beach who knows the trophy tier. Reach out to The Mastropieri Group, Realtors® or call (561) 556-9853.
How does this fit Florida's trophy market?
This listing sits near the very top of a fast-climbing market. For scale, Florida's current record is the DeGroote family's $225 million Naples sale in April 2025, which also ranks as the second-priciest home sale in United States history, behind only Ken Griffin's roughly $238 million New York penthouse purchase. Palm Beach itself has a deep bench of nine-figure listings right now, including a nearby $185 million estate at 911 North Ocean Boulevard and a former Gucci heir's compound asking $205 million.
It all fits the island's status as one of Florida's wealthiest enclaves. Whether or not 1616 South Ocean sells at its ask, the listing is a marker of how high the trophy market has climbed, and how much wealth keeps concentrating on the island, a trend visible in the year's biggest South Florida luxury sales.
Watch More on This Topic: Watch this segment | Full episode (coming soon) | Last week's recap
Frequently Asked Questions
How much is the Palm Beach mansion at 1616 South Ocean listed for?
The nearly 20,000-square-foot estate at 1616 South Ocean Boulevard is listed for $195 million, which works out to about $9,790 per square foot. That is an asking price, not a completed sale. If it trades near that figure, it would set a Palm Beach single-family record.
Would this be a Palm Beach record?
Only if it sells at or near the ask. The current Palm Beach single-family record is the $170 million sale of a 20,100-square-foot estate at 589 North County Road in 2023. At $195 million, this listing is priced roughly $25 million above that mark, but it remains a listing rather than a closed deal.
What does the $195 million Palm Beach estate include?
The home offers seven bedrooms, 12 bathrooms plus a powder room, and roughly 20,000 square feet of living space on nearly two acres. It features a rare ocean-to-lake lot with access to both the Intracoastal and the Atlantic, and an 18-car garage.
Who owns the Palm Beach mansion?
The current owner is not publicly identified, since the property is held through a land trust, which is common for Palm Beach trophy deals. The estate previously belonged to former Avis chief executive Joseph Vittoria before selling for $22.4 million in 2018.
What is the most expensive home ever sold in Florida?
Florida's record home sale is the DeGroote family's $225 million Naples estate, which closed in April 2025. It also ranks as the second-most-expensive home sale in the United States, behind only Ken Griffin's roughly $238 million New York City penthouse purchase.
Local help for Palm Beach buyers, sellers, and investors
Whether you are buying a waterfront home, selling in the luxury tier, or just tracking how high Palm Beach values can climb, it helps to work with a team that follows the market closely. Reach out to The Mastropieri Group, Realtors® in West Palm Beach, or call (561) 556-9853 for practical, hands-on guidance across South Florida.
Posted by Larry Mastropieri
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