Photo by Shiny ShotsSidney Kimmel's contemporary Palm Beach mansion is under contract for the asking price of $81.5 million
The Kimmel mansion at 1236 S. Ocean Blvd. was designed by architect Thierry W. Despont.
In 1993, Kimmel, paid $5.5 million for the property’s five oceanfront acres and spent five years building a limestone villa.
The contemporary 30,000-square-foot structure has 115-foot-long exposed mahogany beams, massive retractable glass wall panels and a Murano glass-tiled outdoor pool.
The house spent 24 days on the market and if the sale closes, it will be the highest property sold
in Palm Beach and one of the largest sums paid for a U.S. single-family residence.
It suggests that even as the housing market melts, the richest Americans seem to have little trouble selling their homes.
Listed at $ 81.5 Million.... Contract pending
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