Hedge fund billionaire Steven Schonfeld and his wife bought a sprawling Palm Beach estate for $111 million, making it the most expensive home ever sold in Florida.
The estate, sold by hair-care mogul Sydell Miller, has more than 70,000 square feet of living space, with 11 bedrooms, 22 bathrooms, a bowling alley, salon, spa, ice cream stand and candy parlor. It had been listed for $200 million.The sale beats a Florida record set this summer, when an estate owned by the late Broadway producer Terry Allen Kramer sold to an unknown buyer for $110.3 million.
La Reverie will instantly give the Schonfelds a top trophy property in one of the richest enclaves in the country. Built in 2001, the French-style megahome is located on an exclusive stretch of Palm Beach called Billionaire's Row, which starts at Donald Trump's Mar-a-Lago Club and includes the estates of other titans of finance, including Ken Griffin, Paul Tudor Jones and Steve Shwarzman.
The sale is the latest sign of a strong real estate market in southern Florida, as a growing number of retirees from the Northeast flock to the Sunshine State.
Ice cream stand? Wowww that’s what I dream of... not
Nice to know my 401k is going to a good cause...
baseism
Should be able to offer housing for the homeless soon nice gesture🤡🤡🤡
And our Fed is feeding these guys even more free tax payer money every night!!!
So sad that certain humans feel so self important. We are all equal mammals. No amount of money or square footage matters when ur last breath arrives.
Why would ☝️ one person need 22 bathrooms? 15 it is plenty.
A hedge fund billionaire huh? We have a useless FBI for sure..nobody makes billions in the markets as a hedge fund legally that I can tell you
Dont tell the BernieBro202O
22 bathrooms? why ? for ghost?
An imigants dream house hey lol
They should probably get it set up as a staging hospital for all the cases coming out of Mar-a-Lago
He has the right to do that. I have the right to call an old lady a useless kunt. Doesn't mean it's right.
And the bastard was probably short this market—-anti- American !
Wait til he realizes he bought at the top of the market.
And is that like....a good thing?
Dear : please create another Twitter account for all news glorifying the lifestyles of the ultra-wealthy and leave this account for business news relevant to a broad audience interested in key economic developments. I don’t need some gossip mag for the 1 percent.
Why?
thirdrowtesla - Your reporter is ignorant of Florida property taxes and is mistakingly conflating them with Income taxes (Which this billionaire still pays as a NY Resident and is apparently happy to continue doing so)
Well good for him, may he enjoy wandering all those empty rooms.
I’m going to need this illustrated in comparable amounts of rice...
Why?
Funny how theres so many hedge fund “billionaires” yet Buffett showed most on average dont do better than an index fund. Why don’t we call them what they really are “market manipulators”
Why is gross excess news?
I will laugh when a hurricane brings it down 😂😂😂😂
Didn't Bezos just buy a 165 million dollar home? Any editors or fact checkers on staff there? Maybe this is why your ratings are in the toilet?
The ice cream stand was a good choice.
Money gets you your imagination
Why? Who needs 22 bathrooms in their home?
Paging Bernie Sanders......
His call. Eat it whiners ✅
The vanity of the human soul
In Florida, he'll probably pay $25,000 in property tax! In Illinois, it would cost $12 million!
Why the constant infatuation with the super wealthy? Never any ideas on how to pull those struggling up with “capitalism,” just a stream of drool while you sweat a bunch of Fed created billionaires.
Those people are supposed to be smart with their money. If anyone tries to sell me 11 bedrooms, I'll flip them the finger. It seems the hedge fund manager hasn't worked much for that money.
How many BTUs to keep that cool and warm ?
Awesome
siddarthpaim Bathroom is more than ( double ) bedroom 😀😀😀😀
all that cleaning
He should probably help house some homeless folk seeing how he can afford it.
Thats Me.
And they wonder why we want to guillotine them in public parks
Stupid investment
Good thing,he will only sleep on ome room alone.
AktienTrader1 BrynneKKelly we need a good painter LOL 70.000 sq ft
and you wonder why the pitchforks are out
$11,000,000 was for the ice cream stand
Okay, os he having a party or something?
i actually don't have a problem with the jeff bezos' & bill gates' of the world. but with 'hedge fond billionaires' i have a problem. they belong to the ridiculous & unproductive part of the economy ('financial markets'), not the productive one.
🍽
This is why we can't have nice things
No income disparity here federalreserve. Let me suggest that you cut more. Take her down to negative 2 like you want to. Your policy hurts savers and rewards spenders/borrowers for short term pleasure and your own enrichment.
Root of problem wages. Taxes won't fix that its the 21st century and govt has obligation to insure fair proportional pay to workers whether white ir blue collar. Welath gap has widened rent up 60% wages up 5% over 30 years while most have degrees today. Index ages to profits
Is it really a hedge fund? Should be investigated.
🤮
It is amazing that Twitter cannot give you updated stories in news feeling this strip or new Feed with ads the stories are running time line 22 hours So what no news has happened then 22 hours
Sweet house mate.
This is why Russia elected Trump.
Courtesy of the American middle class. By all means have one on us, cocksucker.
Here's the truth: the billionaire class is fine with corporate socialism when it means they get billions in tax breaks and bailouts. NotMeUs
Who is stupid enough to spend that kind of money on a house? Probably a Leftist whining about Global Warming and lecturing everyone else on how we should live our lives 👉Dem Party and their Hollywood,Tech Oligarch, Bankers,CEOS of every Corp shills.
That’s 🤔 0.277500% of Mini Mike Bloomberg’s net wealth
Ouch; jealous
Maybe 110 million, got ripped off at 111 million
What's stopping all the haters from getting all the licenses one needs to work in the Hedge fund world? LOL IQ, tenacity, the ability to find out how to be in the industry...o and all the hate.
Was it TomSteyer ? 🤔
People are so jealous and if given the opportunity would buy a house just as expensive
Why?
I wonder what kind of returns he got his clients.
Scumbag
Money won’t launder all by itself.
There is absolutely no good reason to have a home that big unless you're the Duggers.
Meanwhile, people who actually work for a living are food and housing insecure.
Eat the rich.
It’s a palace
Nice place Homeboy…
That's a big expense on his tax sheet
Rather a medium-sized but efficient beach house
You can shield the full value of the house from creditors in Florida.....
God bless those who can have so much! Invite the homeless for a overnight stay..
Absolute disgrace and decadent...70,000 people about to lose assistance to get food and this is what billionaires spend their money on...well it is his money
These millionaires must be ignorant to the climate crisis buying a house that close to the sea! Will be under water in 45 minutes.
I just don’t understand the need for these oversized mansions. What do you do with all that space? Even 4000 sq ft is more than I need.
How many schools we could have repaired, teachers and first responders we could have given better wages too. This is over the top excessive gluttony and greed! What a slap in the face to low and middle wage workers..
He could have settled for a crappy $100 million place and give $11 million to charity!
Nice house
Eat the rich. EatTheRich
Here’s to rising seas!
Commission free trading!😂
Their $ but overpaid. Don't thinks so. See last housing crisis Florida stats.
Trump2020
Disgusting
...while Bill Gates leases in nearby Wellington 😁
SHO_Billions Axe and his F U money?
nowords
2 bathrooms per bedroom
What is the point of this? STOP Bob Lutz on CNBC He is an old useless fool
What an idiot!🙄
aa_sall Yay! More stories about rich people.
Tell me again that we don’t live in an oligarchy...
Yet Detroit still has poisoned water & the rich don’t pay their fair share of taxes realDonaldTrump JoeBiden BernieSanders ewarren PeteButtigieg CoryBooker
Waste of money!
Where are the customers yachts?
No house is worth that price
Eat the rich.
Does he need a roommate. I'm clean, quiet, and don't take up much space - well...except for my vast shoe collection. 🤣👠👡👟
THE BELIEVERS ALLY IS ALLAH☝️ Solًeimani WًWIII Irٍan Trًump '
📽A SOLDIER OF ALLAH DESTROYING THE ENEM'S WILL TO FIGHT🏴 Solًeimani WًWIII Irٍan Trًump '
🔥 WHAT THE BELIEVER RACES TOWARDS IS WHAT THE KAFIR FLEES FROM? DEATH!!👇 Solًeimani WًWIII Irٍan Trًump '
He needs da taxx
I think for that much money, he'd have ocean front property and not another house in front of him. Afraid this fortress will get knocked down in a hurricane🤣
Anyone else get queasy over stories such as this?
Billionaires should not exist .
That’s why people hate him
I guess all that money can't buy you a healthy bladder...
22 bathrooms...there's gotta be a good toilet joke in there someplace.
Who gave the builder the permit to build something this big? Thats the big issue
So?! He probably made a lot people a lot of money !!!! If you are jealous, then work harder !!
Now donate it and turn it into a homeless shelter!
Hasn't he watched Billions?
Give that guy a tax cut so it will trickle down.
FAKE NEWS LIKES HEDGE FUND CLOWNS IMO LOL.
Should we guess - the buyer’s Russian or a Saudi 🤬 MoneyLaundering
Is he related to Tom Steyer? Probably another who thinks he can buy anything he wants failing to understand that President Trump gave up his wealth to Make America Great Again and put Financial Needs into his rear view mirror.
Its ass ugly
It' called 'money laundering'
22 bathrooms? That's a lot of flushing toilets. King Orange Pooty Tang will not be happy with this arrangement.
Nice multi million dollar home Obama just bought!
Have a feeling ElizabethWarren has another tax up her sleeve for individuals with more than one estate!!
Who cares?
I hope he feels important enough now ! think of the needy he could have helped with that money. I'll bet he doesn't pay taxes !
This home could literally feed an entire nation.
An ice cream stand?
Got rich with other peoples money.
Only ONE bowling alley and no ice rink?
Eat the rich.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: CNN - 🏆 4. / 95 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: CNN - 🏆 4. / 95 Read more »