Luxury Palm Beach Mansion – Once $85 Million – Now Under Contract

This is just one of hundreds of million dollars luxury homes and mansion in the Palm Beach, FL area

Luxury Mansions of the Rich – Mansion For Sale – 1071 N Ocean Boulevard Palm Beach, FL 33480 – Courtesy of Sotheby’s Homes

A newer megamansion along the ocean in Palm Beach, Florida, that at one time was listed at $85 million, is now under contract according to The Real Deal (

The owners lowered the asking price several times since the original listing of $85 million, taking it down to about $60 million. It was the most expensive home listing in Palm Beach for about two years.

The mansion sits on a 2-acre double lot with 242 feet of beach frontage with two oceanfront balconies, a massage room, home theater, library, staff quarters and more.

Philadelphia lawyer and charter-school entrepreneur Vahan Gureghian and his wife, Danielle, a lawyer, are the owners of the seven-bedroom, nearly 36,000-square-foot home. It’s now under contract, according to the Palm Beach Daily News, citing Multiple Listing Service data.

See more of the mansion and estate on Southeby’s website

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