One of the nations most expensive listings just got more expensive. Le Palais Royal in Hillsboro Beach, Fla., first hit the market in September 2014 asking a tremendous $139 million. Now, one year later, the 60,500-square-foot house has raised its ask to a whopping $159 million.
The mega-mansion is modeled after the Palace of Versailles in France (why is everyone in Florida always trying to rebuild Versailles?) and boasts 11 bedrooms and 17 bathrooms (significantly more than the original Versailles).
The $20 million price increase is being justified by the addition of more land; two, 3,000-square-foot guesthouses; and a subterranean entertainment complex, according to the Wall Street Journal. That “entertainment complex” will include an ice-skating rink, a go-kart track, a nightclub and a bowling alley. Basically, you’ll never have to see your kids again.
The home will also include a 13-foot, 22-carat gold-leaf gate, 26-foot entrance fountain, a $2 million marble staircase and an IMAX home theater with seating for 18 people. And, of course, it has an over-the-top pool: namely, a 4,500-square-foot infinity edge pool with a 12-foot cascading waterfall, LED-lit waterslide, fire pit and swim-up bar.
The owner — Robert Pereira, the founder of Middlesex Corp., a Massachusetts-based construction company — decided to include the adjacent acre and a half lot, citing the need for more land and entertaining space. Now, the waterfront estate weighs in at over 4 acres. Mayi de la Vega of One Sotheby’s International Realty has the listing.
Still, construction isn’t expected to wrap up for another two years, Joseph Leone, the project manager, told the Journal. He added that the total cost of building the estate is over $100 million. Nevertheless, a $59 million profit is nothing to sneeze at.