A pending home sale near Palm Beach for roughly $175 million is expected to shatter the record for the most expensive Florida property transfer in history, according to a report.
The Wall Street Journal said Wednesday that billionaire internet entrepreneur Jim Clark has secured a buyer for his 16-acre spread on a barrier island off Manalapan.
The sale would easily eclipse the nearly $140 million paid in cash by a mystery buyer for a 21,000-square-foot Palm Beach property in February 2021.
The Netscape founder, who bought the compound for a relative bargain of $94 million in March of 2021, declined to identify the buyer, the outlet reported.
Clark told the Journal that he unloaded the home because he did not plan on spending a significant time in Florida and that he was leery of ominous economic conditions.
The oceanfront jewel boasts 1,200 feet of water frontage along with a 63,200-square-foot main home and a seven-bedroom guest quarters, according to the report.
Internet entrepreneur Jim Clark plans on living in his other estates in Manhattan and Bedford, New York, according to the Wall Street Journal. Sean Zanni/Patrick McMullan via Getty ImagesRelated Video
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The new buyer will also benefit from a pool, three-hole golf course and a dock.
Clark also owns homes in Manhattan and Bedford, New York, the paper wrote.
Florida’s scorching housing market has seen a frenzied run on trophy estates in elite enclaves like Palm Beach in recent years.
Jim Clark and his wife Kristy Hinze Clark. Sean Zanni/Patrick McMullan via Getty Images
Jim Clark brought the snazzy Palm Beach mansion for $94 million just over a year ago. PictometryBut if the deal consummates, the sale of Clark’s home would set a clear price record for the Sunshine State, according to the report.
The tech titan — who said the home was a “spur of the moment purchase” — plans to spend the bulk of his time back in New York.
