The luxury real estate scene in Palm Beach is witnessing another big-ticket listing as Douglas Durst, president of the Durst Organization, has placed his sprawling Palm Beach compound on the market for a cool $30 million. This premium 1-acre property, located at 250 Angler and 1333 North Lake Way, boasts two separate private homes, offering over 8,200 square feet of living space complete with seven bedrooms. The estate sits on a street known for its beach cabanas and lies adjacent to the prestigious Sailfish Club of Florida, as reported by The Real Deal.
Known for his real estate prowess, Durst purchased the properties via the Douglas and Suzanne Durst Family Trust, snapping up 133 North Lake Way for $2.9 million in December 2015 and 250 Angler Way for $1.35 million in March 2013, reflecting a significant potential return on investment if the compound sells at the asking price. The impressive roster of amenities includes a 75-foot pool, expansive yard, and enough garage space for a four vehicles, indicating a true luxury offering in the Palm Beach market.
Realtor Margit Brandt of Premier Estate Properties is handling the listing, which also notes the compound has been granted deeded access to the pristine North End beaches through Angler as well as a shared private beach cabana at Ocean Terrace. Potential buyers are enticed with the promise of wide-reaching opportunities, whether choosing to enjoy the current structures or to build new ones, accommodating up to three separate structures such as a main house, guest house, and pool cabana. This information comes courtesy of a Zillow listing.
Palm Beach continues to attract the wealthy and high-profile with its combination of privacy, luxury, and access to high-end amenities. Douglas Durst, whose brother was the convicted murderer and real estate heir Robert Durst, seeks to capitalize on the exclusive nature of the area with this lavish estate. According to The Real Deal, the Palm Beach luxury estate market has seen a flurry of activity, with other notable transactions including Fox News host Bret Baier's recent sale of his house for $13.5 million and a Palm Beach home owned by Greg Norman's ex-wife Laura Andrassy going for $24.3 million.
