What's Happening?
An expansive oceanfront estate in Palm Beach, owned by Joan 'Joanie' Goodman, widow of real estate developer Murray H. Goodman, has been listed for sale at $185 million. The property, located at 911 N. Ocean Blvd., was built in the mid-1970s and spans
approximately 2.5 acres with 250 feet of shoreline. The estate features 12 bedrooms and nearly 24,000 square feet of living space, including a guest house, formal gardens, a tennis court, and a resort-style pool. The property is co-listed by Marley Goodman Overman and Gary Pohrer. The estate's historical significance is highlighted by a decorative wall designed by architect Addison Mizner, originally part of the Playa Riente estate.
Why It's Important?
The listing of the Goodman estate at such a high price underscores the value and rarity of direct-oceanfront properties in Palm Beach. This sale could influence the local real estate market, setting a benchmark for luxury properties. The estate's historical elements and prime location add to its allure, potentially attracting high-net-worth individuals seeking exclusive residences. The sale also reflects broader trends in the luxury real estate market, where unique properties with historical significance and prime locations command premium prices.
