Mar-a-Lago Neighboring Mansion Sells for a Whopping $50 Million

A new Neoclassic home in one of Palm Beach's most coveted areas sold for $50 million, making it one of Florida's biggest sales this year.

Georgie Mihaila
4 Min Read
Photo Credit: Shawn Hood Media

A stately newly built mansion close to President Trump’s famed Mar-a-Lago resort has found new owners.

The 14,000-square-foot home with deeded beach rights and an unbeatable location sold for $50 million, with the sale now shown as pending on the brokerage’s website.

The price point makes it one of the most significant sales to close in Florida this year and nabs the top spot for the brokerage’s sales portfolio – making it Compass’ highest sale in Palm Beach, according to our sources. Chris Deitz was the listing agent for the property, bringing the win home for his brokerage.

And just in case you were wondering what $50 million buys you in Palm Beach, we’re here to take you on a quick tour.

aerial view of a $50 million mansion in Palm Beach near Mar-a-Lago
Photo Credit: Shawn Hood Media

With an enviable location in the coveted ”Estate Section” on Palm Beach Island, the house at 1030 South Ocean Boulevard sits on an 0.58-acre lot at the highest elevation, offering sprawling views of the Atlantic Ocean.

It also comes with deeded beach access across the street, and the location places it within a few minutes’ walk from Mar-a-Lago — former President Donald Trump’s private club/resort, where he now lives with wife Melania Trump.

But location isn’t the only stand-out feature of the elegant estate.

Boasting an impressive 14,000 square feet of living space, the Palm Beach mansion has a total of 8 bedrooms, with 10 full baths, and 3 half baths.

It’s also been equipped with a chef’s gourmet kitchen, library, media room, and a massive basement designed for entertaining. Think custom wine cellar, game room, home gym w/ steam shower, and highly advanced media/theater room. 

kitchen inside a luxury mansion in Palm Beach
Photo Credit: Shawn Hood Media
living room with fireplace in a luxury mansion in Palm Beach
Photo Credit: Shawn Hood Media
elegant dining room inside a Palm Beach mansion
Photo Credit: Shawn Hood Media
living area in a $50 million luxury mansion in Palm Beach
Photo Credit: Shawn Hood Media
luxurious staircase in a Palm Beach mansion
Photo Credit: Shawn Hood Media
elegant home office with built-in furniture and seating area
Photo Credit: Shawn Hood Media

The owner’s suite is almost the size of a full residence in itself, and features a large terrace with ocean views, dual custom walk-in closets with dressing areas, separate Roman tub, and steam shower. 

It’s also worth noting that the exquisite furniture was included in the sale, and the 1030 South Ocean Boulevard mansion comes fully furnished — and ready to welcome its new owners.

massive bedroom with terrace that overlooks the ocean
Photo Credit: Shawn Hood Media
luxury white bathroom with ocean views
Photo Credit: Shawn Hood Media

Outside, there’s a heated pool with spa, and a cabana room.

the backyard with a pool and spa
Photo Credit: Shawn Hood Media
backyard with pool and pool cabana in Palm Beach
Photo Credit: Shawn Hood Media

The Neoclassic home was listed in early January for $52,500,000, with Compass agent Chris Deitz in charge of the listing.

Property records show that the owners first tested the waters back in 2020, floating the property on the market with a $42.5 million asking price.

But the listing was removed a few months later, only to resurface in early 2022 with new representation — and likely a very well-targeted marketing approach, seeing that it took it less than three months to sell for an impressive $50,000,000.

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With a decade-long career as a digital content creator, Georgie started out as a real estate journalist for Multi-Housing News & CPExecutive. She later transitioned into digital marketing, working with leading real estate websites like PropertyShark, RENTCafé and Point2Homes. After a brief but impactful stint in the start-up world, where she led the marketing divisions of fintech company NestReady and media publisher Goalcast, Georgie returned to her first passion, real estate, and founded