Billionaire Buys Multi-Million Dollar Mansion on Palm Beach Intracoastal

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by Kayla Sylvester Mar 2015

Billionaire Herbert J. Siegel, who made his fortune as president of Chris-Craft Industries, and his wife, Jeanne, recently purchased a $29.8 million mansion on an island alongside West Palm Beach’s Intracoastal.

 

According to the Palm Beach Daily News, the sale price of the nearly 13,000-square-foot home was the most expensive on the island since a $42.9 million sale made last May.

 

While noticeable for its lack of oceanfront property, the seven-bedroom home is nothing short of lavish. In the listing, it’s described as having a “gracious floor plan and generous wall space.”

 

The listing also noted that the mansion consisted of “Aesthetically stunning floor-to-ceiling windows, parquet de Versailles flooring, intricate moldings, extremely high ceilings, five fireplaces and a sophisticated turned glass handrail on the staircase.”

 

The mansion, which was built in 1952, sits about six blocks north of Donald Trump’s Mar-a-Lago resort.