Florida mega-mansion Le Palais Royal hits market again for $159M

Photo Credit: Bryan Nieblas
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Le Palais Royal, 60,000-square-foot palatial estate with 11 bedrooms, 17 bathrooms

Photo Credit: Bryan Nieblas
Le Palais Royal, a French-inspired Beaux Arts mansion on Florida’s Atlantic Coast, has just been relisted for sale at $159 million. The more than 60,000-square-foot palatial estate sits on over 4 acres and 465 feet of beachfront on Millionaires Mile. For more information, please contact listing agent Mayi de la Vega of One Sotheby's International Realty.

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- A massive Florida mansion dubbed Le Palais Royal is back on the market for a whopping $159 million.

According to Forbes, the 60,500-square-foot Hillsboro Beach home is the second highest-priced listing in the nation, behind the $195 million Gemini compound in ManalapanThe Palm Beach Post reported in September 2014 that the 4 1/2-acre property includes an 11-bedroom, 17-bathroom main house; 465 feet of ocean front; a 492-foot dock that can accommodate a 185-foot yacht; and an underground garage with parking for more than 30 cars. It also boasts the first-ever IMAX Theater contracted for private use, featuring a 50- by 27-foot screen and seating for 18.

>> PREVIOUS STORY: $139M Florida mansion becomes most expensive listing in U.S.

>> PHOTOS: Florida mansion Le Palais Royal relisted for $159M

>> Read more trending stories

The Palace of Versailles-inspired estate was originally offered for $139 million last year but was taken off the market, the Wall Street Journal reports. Project manager Joseph Leone, who has been working on the home for seven years, told WSJ that the owner, Middlesex Corp. founder Robert Pereira, decided to hold off on listing the property until the main house was nearly complete. Pereira also is building two guest houses on a smaller adjacent lot that will include an underground entertainment center with a go-kart course, ice-skating rink, bowling alley and nightclub, Leone said.

The new listing agent is Mayi de la Vega of One Sotheby's International Realty

>> Click here to see photos of the home

One of America’s priciest residences, $159 million,  is now listed by One Sotheby's International Realty.  The Wall Street Journal has the scoop: http://on.wsj.com/1PCNrog

Posted by One Sotheby's International Realty on Wednesday, November 11, 2015

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