Florida Estate on Intracoastal Waterway Draws Attention with High-End Amenities
- Palm Beach waterfront home listed for $95 million
- Renovation cost around $25 million
- 16,000 square feet estate with 165 ft of Intracoastal Waterway frontage
- Kitchen clad in white marble and a new travertine pool
- Amenities include gym, wine cellar, movie theater, guest apartment, and pool cabana
- Seller Pamela W. Starret moving to Europe for family reasons
A lavish waterfront home in Palm Beach, Florida, has hit the market for a staggering $95 million. The six-bedroom estate, which boasts a 16,000 square feet of living space and 165 ft of Intracoastal Waterway frontage, underwent a $25 million renovation. Highlights include a marble kitchen, travertine pool, gym, wine cellar, movie theater, guest apartment, and a two-car garage. The property is priced in line with the market, as Palm Beach continues to see rising home prices due to low inventory and increased demand.
Factuality Level: 10
Factuality Justification: The article provides accurate information about a luxury property in Palm Beach, including details on its features, renovation costs, and market trends. It also includes quotes from the listing agent and the seller’s son, making it an informative and well-researched piece.
Noise Level: 6
Noise Justification: The article primarily focuses on a luxury real estate listing in Palm Beach, Florida, with details about the property’s features and the seller’s reasons for selling. While it provides some information on the local real estate market, it does not offer significant analysis or insights beyond what is expected from a typical real estate listing. It lacks exploration of broader trends or consequences of such high-end transactions.
Private Companies: Premier Estate Properties,Legendary Productions
Key People: Margit Brandt (Listing Agent), Pamela W. Starret (Seller), Michael DesLauriers (Son of Seller)
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses a luxury real estate property in Palm Beach, Florida being listed for sale at $95 million. While it does mention financial topics such as the cost of renovation and the price per square foot of homes in the area, it does not directly impact financial markets or specific companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.
Move Size: The market move size mentioned in this article is a 45.2% increase in the average home prices in Palm Beach from the second quarter compared to the previous year.
Sector: Real Estate
Direction: Up
Magnitude: Large
Affected Instruments: Stocks
www.wsj.com 
