Palm Beach Estate Finally Sells for $36 Million After Price Slashed by Millions

One of Palm Beach’s estate row heavyweights has finally traded hands, capping a years-long pricing saga with a $36 million sale that quietly topped this week’s residential charts.

The roughly 8,900-square-foot home at 160 Clarendon Avenue first hit the market in August 2022 with an asking price just shy of $55 million, then yo-yoed on and off the market until the recent closing. The $36 million deal was the priciest local home sale reported over the past week.

According to The Real Deal, the property closed at $36 million and is described as an approximately 8,900-square-foot residence. The outlet also reports that broker Lawrence Moens represented both the buyer and the seller, and notes that the house initially came to market in August 2022.

Listing history and price moves

Listing records show just how far the property had to travel on price before finding its new owner. Realtor.com logs the first listing on August 18, 2022 at $54,950,000. Later, brokerage pages such as Compass show a 2025 relisting with a reduced asking price of $44,850,000…

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