The billionaire founder of Netscape has dramatically lowered the asking price on his Palm Beach estate – but the landmarked estate is still way out of reach for most Americans.
Jim Clark, 73, originally put his Florida home – named Il Plametto – up on the market for $137million in August 2016.
After finding no takers, Clark recently decided to change brokers and lower the asking price to $95million. The new listing agent is Lawrence Moens.
‘It’s one of the most important estates in America,’ Moens told Realtor.com.
Jim Clark, the billionaire founder of Netscape, has slashed $42million off the asking price of his Palm Beach, Florida estate
The home – called Il Palmetto – is now being listed for $95million through agent Lawrence Moens
The estate includes a six-bedroom main house, a two-bedroom guesthouse and a two-bedroom boathouse
Features of the home, completed in 1927, include a 20,000-bottle wine cellar, 14-foot-high solid-bronze gates and an infinity pool
Even though he was forced to drop the asking price, Clark will likely make a lot of money if it sells anywhere near the new listed price since he only paid $11million for the property in 1999 when he bought it from the late philanthropist Janet Annenberg Hooker.
At the time, the home, build in 1927, was in disrepair, and it took several years for Clark to update the home and add additions onto it.
Among the features that Clark added to the home are a 20,000-bottle wine cellar carved out of limestone, a Moroccan room, 14-foot-high solid bronze gates and an infinity pool.
The Mediterranean-style estate was designed by architect Maurice Fatio and is considered to be his crowning achievement. The home was granted landmark status in 1980.
The Mediterranean-style estate was designed by architect Maurice Fatio and is considered to be his crowning achievement. The home was granted landmark status in 1980
Clark bought the home in 1999 for $11million from philanthropist Janet Annenberg Hooker
Clark spent the first several years remodeling the home, which was in disrepair when he bought it
In the main house, visitors can expected to find a 50-foot living room, formal dining room (pictured), family room, theater room, game room, eat-in kitchen, gym, spa and a library/den.
While Netscape is now defunct, Clark is still a billionaire with an estimated net worth of $2.1billion
Above, a view of a bar in the palatial home, named Il Palmetto
Among the features that Clark added to the home are a 20,000-bottle wine cellar (pictured) carved out of limestone, a Moroccan room, 14-foot-high solid bronze gates and an infinity pool.
Above, a view of a corridor in the main home of the Palm Beach, Florida estate
The infinity pool is located in the guesthouse which is located right on the Atlantic Ocean
The home has some impressive Italian-style gardens that no doubt flourish in Florida’s year-round warm weather
The 5.48-acre estate includes a six-bedroom main house with 68,000-square-feet of living space, with a two-bedroom boathouse at the rear of the property, where the home has 360 feet on the Intercoastal Waterway.
At the front of the property, across a coastal roadway, the home has another 340 feet on the Atlantic Ocean, and a two-bedroom guesthouse that is accessed by a tunnel that goes under the road.
In the main house, visitors can expect to find a 50-foot living room, formal dining room, family room, theater room, game room, eat-in kitchen, gym, spa and a library/den.
Visitors needn’t walk up a stair either, since the home as two elevators.
Clark (right) has been married four times. His current wife is former Victoria’s Secret model Kristy Hinze (pictured together left at their wedding), the mother of two of his four children.
Clark is a former Stanford professor who made his billions in Silicon Valley start-ups such as the now-defunct web browser Netscape and WebMD.
Clark has been married four times. His current wife is former Victoria’s Secret model Kristy Hinze, the mother of two of his four children.
He has an estimated net worth of $2.1billion.