Bermuda-Inspired Home Listed For $59M
A Bermuda-inspired oceanfront property in Palm Beach, Florida has been listed for sale at a cost of $59 million.
The Palm Beach Daily News report said, “A new $59 million listing for an oceanfront house facing Midtown Beach is a spot-on example of how pricing has evolved in Palm Beach in the years since the coronavirus hit town in early 2020.
“During the first years of the pandemic, it wasn’t unusual to see properties sell for double — and sometimes even more — than what the sellers paid for them just a year or so earlier.
“And although real estate activity has cooled substantially since the height of the boom, asking prices for waterfront properties in many cases have not. That’s the case with the new listing of the 2018 house with Bermuda-inspired architecture at 200 S. Ocean Blvd.
The Palm Beach Daily News report said, “Only three other Palm Beach houses are priced higher than the one McCann just listed, according to an online search Friday of the Palm Beach Board of Realtors Multiple Listing Service.
“The four-bedroom house and separate two-bedroom guesthouse have 8,948 square feet of living space, inside and out. Although the beach parcel is vacant, the town’s zoning code would allow the buyer to build a cabana and swimming pool there.
“Vero Beach architects Peter Moor and Chris Baker designed the residence with vintage touches to complement a Bermuda-style home immediately to the south, also designed by the principals of Moor, Baker & Associates.”
The house was built by longtime Palm Beach contractor Tim Givens to withstand the effects of time and weather, McCann said, “There’s no plywood in this house,” McCann said, referring to the construction materials. “There are no [wood] roof trusses. Instead, there is a poured-concrete roof. I think that the house will be there longer than anyone who is now living in Palm Beach.”
“In a phone interview when the house was listed in 2019, Moor described its style as “Palm Beach Bermuda,”
You can read the full report here.
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