In an exciting turn of real estate news, according to a report from The Palm Beach Post, superstar piano man Billy Joel has made a potential acquisition in Boca Raton, Florida. Nestled within the prestigious confines of The Sanctuary, the $29 million waterfront home stands as a testament to luxury and privacy. This news comes as Joel is in the process of selling his additional expansive estates in Manalapan, Florida, and Long Island, New York.

The Sanctuary, known for its exclusivity and stringent security measures, offers unparalleled privacy to its affluent residents. With fewer than 100 homes, the community features advanced security technologies, including infrared and thermal cameras, complemented by traditional guard patrols. Residents enjoy amenities such as a 23-slip marina, tennis courts, a playground, and a recreation area, promoting a family-friendly atmosphere.

What's believed to now be Joel's estate, is a true architectural marvel, reflecting the elegance of Palm Beach-inspired Italianate design. It houses eight bedrooms, eight full bathrooms, four half-bathrooms, and boasts a variety of luxurious amenities including an English pub room, a staff suite, three guest suites, and a waterside loggia. The property also offers serene views of a private island and bird preserve, enhancing its appeal.

The Sanctuary home's last transaction in January 2021 was at $15.75 million, marking an approximately 84% increase in its value over just three years. This significant appreciation highlights the desirability and exclusivity of properties within this coveted community.

The limited liability company incorporated for the sale of the home in The Sanctuary plays a significant role as it was created specifically for this transaction. The company, named after the address of the home, serves as the buyer in the public records. Its formation indicates a deliberate step taken for the purpose of acquiring the property and conducting the sale through an entity, rather than an individual. The appointment of GSB Corporate Services, a law firm, as the registered agent and manager further underlines the structured and professional approach taken in managing the transaction. This setup suggests that the sale of the home in The Sanctuary envolved a thorough legal process and may indicate a strategic decision by the parties involved for reasons such as liability protection or tax considerations.

Joel's possible investment in The Sanctuary underscores the allure of Boca Raton's luxury real estate market, attracting high-profile individuals seeking privacy, security, and opulence. As the potential new owner of this Italianate masterpiece, Joel joins the ranks of the elite, enjoying the best of what Boca Raton has to offer.

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Posted by Larry Mastropieri on


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