Kluge mansion in Palm Beach sells for $20 million off asking price

89 Middle Road, Palm Beach

89 Middle Road, Palm Beach

The estate at 89 Middle Road in Palm Beach has sold for $39 million, $20 million off its $59 million asking price, The Wall Street Journal reports.

The seller was Columbia University, which received the estate from the late John Kluge. The buyer is British insurance mogul Peter Wood.

The 4.1-acre lot is mostly west of A1A but includes a 150-foot sliver of oceanfront. The property is likely to be subdivided, the Journal says.

The property is shaped like a piece of a jigsaw puzzle and includes frontage along South County Road, South Ocean Boulevard and El Bravo Way. According to the listing, the estate includes a 5,541-square-foot home designed by Addison Mizner and 12,712-square-foot residence, plus three guest houses.

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89 Middle Road, Palm Beach

89 Middle Road, Palm Beach

89-middle

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