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Palm Beach Billionaires Row mansion sells for $51.4million – almost HALF the original asking price

A seven-bedroom mansion situation a mile and a half away from President Donald Trump’s Mar-a-Lago property, has finally sold after six years on the market.

However the sprawling home in Florida’s Palm Beach has been snapped up for almost half the original asking price in 2014 of $99million.

1744 South Ocean Boulevard, dubbed Billionaires Row, was taken off the market for $51.4million and the identity of the buyer was kept under wraps.

1744 South Ocean Boulevard in Palm Beach, Florida was taken off the property market for $51.4million last week

The stunning 18,432 sq ft single-family home is on what's dubbed Billionaires Row and is the only 'ocean to lake' estate there

The stunning 18,432 sq ft single-family home is on what’s dubbed Billionaires Row and is the only ‘ocean to lake’ estate there

Waterfront views are available from practically anywhere inside the home which was first listed in 2014 and was on and off the market for six years

Waterfront views are available from practically anywhere inside the home which was first listed in 2014 and was on and off the market for six years

It has a whopping 14 bathrooms with onyx floors in the master bath and great views from practically any where in the home

It has a whopping 14 bathrooms with onyx floors in the master bath and great views from practically any where in the home

The Italianate mansion has seven bedrooms and interior design advice came from two firms in Rome, Italy

The Italianate mansion has seven bedrooms and interior design advice came from two firms in Rome, Italy

The deed listed a Delaware limited liability company with the same name as the Billionaires Row address (1744SOL LLC) and the mailing address for the buyer was directed to Miami law firm Next Legal LLC, records from last week show.

It was following listings from various brokerages over the years with the latest from Douglas Elliman offering the waterfront property for $59.9 million before the listing expired in June after six months. It ultimately went down a further $8.5million.

When it was listed by Gary Real Estate for two years before that, the asking price went from $72.5million to $57.5million.

While it’s situated beside other stunning homes, the listing states that this is the only ‘ocean to lake’ estate – with one side of the 18,432 sq ft single-family home boasting views of the Atlantic Ocean and the other showing off the Lake Worth Lagoon. 

The mansion offers 177 feet of waterfront land. One side boasts views of the Atlantic Ocean and the other, Lake Worth Lagoon

The mansion offers 177 feet of waterfront land. One side boasts views of the Atlantic Ocean and the other, Lake Worth Lagoon

Bill Harrison Design Associates in Atlanta collaborated on creating the home after the land was bought in 2001. Pictured is the tennis court facing the lake

Bill Harrison Design Associates in Atlanta collaborated on creating the home after the land was bought in 2001. Pictured is the tennis court facing the lake

Pictured is the 44ft glass-tiled pool as part of the terrace on the lake side of the property, which was finished in 2012

Pictured is the 44ft glass-tiled pool as part of the terrace on the lake side of the property, which was finished in 2012

The previous owners installed a 200ft dock over the lake on one side of the sprawling Palm Beach, Florida home

The previous owners installed a 200ft dock over the lake on one side of the sprawling Palm Beach, Florida home

The home was owned by Pulmonologist Dr. Norman Traverse and his businesswoman wife, Nassrine

The home was owned by Pulmonologist Dr. Norman Traverse and his businesswoman wife, Nassrine

The previous owners bought the property in 2001 for just $7million and spent three years building it up, although it wasn’t completed until 2012. It then hit the market two years later. 

The home, which was owned by Pulmonologist Dr. Norman Traverse and his businesswoman wife, Nassrine, offers 177 feet of waterfront land.

Nassirine, who has worked in travel, finance and real estate, served as her own general contractor at the site according to a previous report by Palm Beach Daily News.

In collaboration with Bill Harrison Design Associates in Atlanta, the couple installed a 200ft dock and a 44ft glass-tiled pool as part of the terrace on the lake side. 

Visitors can enjoy the double height living room, which is 22 feet high compared to 14 feet high in other first floor rooms

Visitors can enjoy the double height living room, which is 22 feet high compared to 14 feet high in other first floor rooms

The corridors of the second story show off picture-perfect views from the large windows and connect the rest of the home

The corridors of the second story show off picture-perfect views from the large windows and connect the rest of the home

This outdoor terrace offers amazing views of the sunset from the home which is a mile-and-a-half south of President Trump's Mar-a-Lago home

This outdoor terrace offers amazing views of the sunset from the home which is a mile-and-a-half south of President Trump’s Mar-a-Lago home

It also has a private tennis court overlooking the water. 

The Italianate-style mansion, which sits on two acres of land, was finished with interior design advice from two firms in Rome.

And it doesn’t lose any of its grandeur once inside. It has a whopping 14 bathrooms – with onyx floors in the master bath – doors are embossed with Italian leather and closets lined with cedar.

Visitors can enjoy the double height living room (22ft compared to 14 feet in other rooms on the first floor) and formal dining room. 

The home is decked out with custom marble fireplaces and top-of-the-line kitchen appliances.

The listing agents would not comment on the sale to Palm Beach Post, which first reported the sale. 

The estate it doesn't lose any of its grandeur once inside. Visitors can be hosted in the formal dining room

The estate it doesn’t lose any of its grandeur once inside. Visitors can be hosted in the formal dining room

The home is decked out with custom marble fireplaces. The doors are embossed with Italian leather and closets are lined with cedar

The home is decked out with custom marble fireplaces. The doors are embossed with Italian leather and closets are lined with cedar

The previous owners bought the property in 2001 for just $7million and spent three years building it up before it went on the market in 2014

The previous owners bought the property in 2001 for just $7million and spent three years building it up before it went on the market in 2014

When it was listed by Gary Real Estate for two years, the asking price went from $72.5million to $57.5million

When it was listed by Gary Real Estate for two years, the asking price went from $72.5million to $57.5million

Read more at DailyMail.co.uk