Record Oceanfront Asking Price: An oceanfront mansion at 1616 South Ocean Boulevard in Palm Beach recently hit the market asking $195 million, which could set a new local record if sold at that price.

Estate Details:

- Location: 1616 S. Ocean Blvd., Palm Beach, FL (Billionaires' Row, south of Mar-a-Lago)

- Size: Nearly 20,000 square feet on roughly two acres of land

- Waterfront: Double-waterfront access to both the Atlantic Ocean and the Intracoastal Waterway (with a private dock)

- Layout: 7 bedrooms and 12 bathrooms

- Key Features: Rebuilt/completed in 2023, featuring a 53-foot infinity pool, and an 18-car garage.

Project Details:

Location- 464 Fern Street, Downtown West Palm Beach

Future Residences- 194 luxury condo units ranging from two to four bedrooms.  Located on a 2.46 acre site.

Amenities: Plans include a lap pool, outdoor bar, fitness center, landscaped terraces and game room, along with a street-level garden plaza.  The approximately 316-foot building will also include more than 4,300 square feet of ground-floor commercial space.

Status: Currently undergoing municipal review

Key Transaction Details:

Buyer- Related Ross, founded by Billioniaire developer Steve Ross.

Seller- CP Group, DRA advisors, Rialto, and Las Olas Capital Advisors

Location- 1.7 million square feet of office and technology space across 124 acres located at 5000 T-Rex Avenue

Current Tenants- Home to high-tech and healthcare firms including D-Wave Quantum, Mod Med and Brainlabs.

Operations- The firm will continue operating BRiC as a premier technology and office hub while exploring long-term mixed-use destination enhancements.