‘Spec’ mansion sells for $49M in Palm Beach’s Everglades Island, deed shows

 ‘Spec’ mansion sells for $49M in Palm Beach’s Everglades Island, deed shows

A never-lived-in California-style contemporary mansion with waterfront on two sides has sold for a recorded $49.142 million on Palm Beach’s Everglades Island.

Named Lago-a-Lago — or “lake to lake” — the house at 520 Island Drive was marketed by its developer as move-in ready with furniture. It’s unclear if the furnishings changed hands in the sale.

The buyer’s identity was not immediately available in the preliminary information about the sale posted Tuesday on the Palm Beach County Clerk’s website

Completed last year, the two-story house is centered on an expansive courtyard and stands on nearly an acre at the north tip of Everglades Island. Its front door, terraces and lawn offer wide views of the Intracoastal Waterway and West Palm Beach.

From the archives: Developer of waterfront house at 520 Island Drive calls it ‘California in Palm Beach’

Read more…www.palmbeachdailynews.com

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