Louise Riggio, widow of the late Barnes & Noble CEO Leonard Riggio, just made a massive real estate deal, selling her oceanfront mansion in Palm Beach for an impressive $81 million. The stunning home, located at 1446 N. Ocean Blvd., was snapped up by an LLC tied to local attorney David Klein.
The sale marks a major profit for the Riggios, who originally purchased the property in 2003 for $14 million. Fast forward 20 years, and the mansion’s value soared, driven by Palm Beach’s booming luxury real estate market. With a price tag of $81 million, this sale equates to a jaw-dropping $10,119 per square foot — a testament not only to the home’s prime beachfront location but also the sizeable 1.68-acre lot it sits on.
So, what’s inside this incredible 8,005-square-foot estate? The home features seven spacious bedrooms, five full bathrooms, and two half-baths. It’s designed for both luxury and leisure, boasting a private pool, a fully equipped bar, a fitness room, and an expansive balcony that offers stunning ocean views.