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.
On the east side, the rear rooms, loggias and rooftop terraces overlook a moat-like swimming pool, which abuts the sides of the house, and the canal that separates Everglades Island from the Everglades Golf Course.
The six-bedroom, nine-bathroom-and-two-half-bath house has 17,170 square feet of living space, inside and out. That tally encompasses 4,000 square feet of outdoor living space, including the courtyard and patios.
Developer Corey Schottenstein, who built the house on speculation, sold it through a limited liability company, 520 Island Drive LLC. The house was the first Palm Beach project developed by…