Even billionaires gulped when late right-wing radio firebrand Rush Limbaugh’s Palm Beach estate was acquired earlier this year by Estée Lauder scion William Lauder for a record-setting $155 million.
Now, all the pampered tongues of Palm Beach’s Richie and Regina Riches are wagging again with the record-shattering off-market sale of an oceanfront property that has changed hands for somewhere in the range of a hiccup-inducing $170 million.
The gargantuan deal went down off market and Mansion Global pegged the sellers as Green Mount Coffee Roasters founder Robert Stiller and wife Christine Stiller and ID’ed the buyers as luxury car dealer Michael Cantanucci and wife Kimberly Cantanucci. Tax records indicate the Stillers purchased the property in 2014 in a clandestine off-market deal reported in local papers to have been in the $40-50 million range.
Since the property was not listed on the open market, very few details are available. What is known is that the gated estate spans almost 1.6 oceanfront acres with about 150 feet of direct beach frontage. Palm trees line the gated drive that passes through an arched porte cochère laden with bougainvillea as it makes its way to a large motor court.
Built in 2006 in a classic Mediterranean style, various online resources indicate there are at least eight bedrooms and a dozen bathrooms across more than 20,000 square feet of living space. Beyond the extensive terraces and crystalline swimming pool, a verdant sea of palm-dotted lawn stretches out to the concrete sea wall. A set of wooden steps leads down to the sand.
The seller was repped by Lawrence Moens of Lawrence A. Moens Associates and Christian Angle of Christian Angle Real Estate handled the buyer.
Deep-pocketed neighbors include radio royal Howard Stern, who paid $52 million for his oceanfront estate in 2013, and billionaires Nelson and Claudia Peltz, whose vast compound is more like a five-star boutique resort than what mere financial mortals think of as a private home.
Cantanucci, whose New Country Motor Car Group includes Mercedes, Maserati, Ferrari and Porsche dealerships across half a dozen states, is certainly no stranger to ultra-high-end real estate. He coughed up $12.9 million in 2014 for a 5,500-square-foot Palm Beach home that is currently pending sale with a $34.95 million price tag and about two years ago, they sold a $40 million duplex condo at New York City’s 220 Central Park South and traded up an even larger $50 million spread on a high floor of another of Midtown Manhattan’s hyper-luxe supertall towers. Tax records show the couple also maintains a retreat on the shore of New York’s picturesque Lake George.