A ginormous Palm Beach estate named Il Palmetto owned by billionaire Netscape co-founder Jim Clark is about to hit the market for $137 million, reports the Wall Street Journal, becoming the priciest listing in Palm Beach County and one of the most expensive homes in America.
Landmarked by the town of Palm Beach, the 1930s Italian Renaissance mansion measures about 60,350 square feet with six bedrooms, two elevators and a 50-foot living room with an elaborately carved wooden ceiling, according to listing agent
Clark, whose net worth has been estimated to be just under $2 billion by Forbes, paid $11 million for the property in 1999 before renovating it over four years, which included the creation of what sounds like some spectacular rooms.
He created the “Moroccan Room,” a mosaic-tiled indoor-outdoor entertaining area. An oenophile who auctioned a portion of his wine collection in 2014, Mr. Clark also built a carved limestone wine cellar with space for 20,000 bottles.
The 5.14-acre property spans the barrier island of Palm Beach, stretching from the Atlantic Ocean to Lake Worth Lagoon. On the ocean side of the property, Mr. Clark built a two-bedroom beach house with a waterfront infinity swimming pool. On Lake Worth, he constructed a two-bedroom boat house with electric trolleys for his two antique speedboats.
The home also has an underground tunnel for direct beach access without having to cross the road because that’s how $137 million homes operate.
The next most expensive home for sale in Palm Beach is over $60 million cheaper, a little beachfront padasking $74.5 million.