One of America’s priciest homes, selling for nearly $200 million in South Florida, has come off the market after 15 months.
The Ziffs, a family of publishing moguls who built up and sold properties like PC Magazine and Car and Driver, bought the 21-bedroom property, known as "Gemini," in the 1980s. The palatial main house on the island of Manalapan in Palm Beach County, spans an eye-watering 62,200 square feet on the Atlantic Ocean. The home is connected to guest houses on the Intracoastal Waterway side of the island via an underground tunnel.
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It’s not clear whether the home sold or is taking a break from the market, and there is no recent transfer deed for the home in county records.
The Ziffs listed the property over a year ago with Premier Estate Properties, an affiliate of Christie’s International Real Estate. But the property came off of public listing sites tied to the Multiple Listing Service, like Redfin and Zillow, on April 28. Christie’s and Premier are no longer listing the colossal estate on their websites, either.
If sold at its most recent listing price, the home would shatter the Palm Beach County price record by some $100 million.
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The resale at $195 million would also mark a phenomenal price appreciation for the beach estate. The Ziffs bought the property through an investment consultant in 1985 for just $5 million, according to property records.
A spokeswoman for Christie’s International Real Estate did not immediately return a request for comment on the reason for the delisting.
Since purchasing the property, the Ziffs have expanded and rebuilt the main house, added an extensive botanical garden with 1,500 species of tropical trees and plants, among other additions.
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In addition to the main home, the property has a seven-bedroom guest house dubbed "Mango House," two cottages, a manager’s apartments and a manager’s offices. The 15.65-acre property also has a golf putting green, an elaborate children’s treehouse, a pool and a dock for a boat, according to the former listing with Premier.
The property has a history of wealthy ownership. It was was originally built in 1940 for the Lambert pharmaceutical family and was later owned by British politician Loel Guinness, brother to the brewery founder, and his wife, Gloria, a fashion icon and socialite, according to the listing.