For Palm Beach’s priciest official listing, yet another price cut

The mansion at 1071 N. Ocean Blvd. in Palm Beach. Courtesy Smith and Moore Architects.

The mansion at 1071 N. Ocean Blvd. in Palm Beach is the priciest official listing in the tony town, but the asking price keeps falling. The oceanfront spread went on the market in March 2015 for $84.5 million.

Last year, the seller cut the price to $79.5 million, then $74.5 million. This year the price fell to $69.9 million and now $64.9 million.

Palm Beach County’s once-hot mansion market slowed markedly in 2016. The Shiny Sheet’s Darrell Hofheinz has more on the Palm Beach property here.

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