A slice of Palm Beach royalty just traded hands. An oceanfront estate once owned by the late German prince Albrecht zu Oettingen-Spielberg has sold for $30.3 million, according to public records. The two-story home at 143 East Inlet Drive sits on roughly 1.2 acres at the northern edge of Palm Beach’s Sea Isles Estates and claims about 100 feet of private beach. Built in 1960 and held by the prince since 1987, the property had long been one of the island’s marquee listings, capping off a months-long marketing push that pulled in national attention.
Sale And Buyer
Public records show the estate closed at $30.3 million to an entity named 143 East Inlet LLC, with Leonard Ackerman listed as the authorized person, according to The Real Deal. The deed was signed by Prince Franz-Albrecht as personal representative of the estate, the outlet reports, formally closing the book on the family’s ownership of the property.
Listing History And Price Per Foot
The house was marketed as the “Ultimate Palm Beach” cabana and at one point in 2024 carried an asking price of $45 million. Zillow shows the listing went pending in late February at $32.9 million. Zillow’s records put the interior livable space at about 4,675 square feet with a lot size of roughly 1.24 acres, which worked out to a pending price of about $7,037 per interior square foot at the time.
Buyer And Ownership Records
State business filings compiled on BizProfile show 143 East Inlet LLC was created in February 2026 and list Leonard Ackerman as manager, a common privacy tool in high-end real estate deals. Those corporate records line up with the entity name recorded on county deed documents for the purchase.
Renovation Or Rebuild Prospects
The estate was pitched to buyers as either a renovation project or a potential tear-down that could be replaced with a new residence, in reporting that cited the Palm Beach Post, according to The Real Deal. With 100 feet of sand and a 1.2-acre footprint, it is the kind of oceanfront site that typically attracts buyers looking to build larger, modern homes on the island.
What It Means For The Island Market
Sea Isle Estates is a small, ultra-pricey pocket at the far north end of Palm Beach Island where direct oceanfront parcels are scarce and fiercely coveted. Local listing materials play up the uninterrupted ocean views and privacy that tend to drive eye-popping numbers here, according to Compass. For now, the new owner’s plans for the property are staying as private as the LLC on the deed.
