Wednesday, November 25, 2009

Nelson Peltz Palm Beach Mansion

Situated on North County Road in Palm Beach, the Nelson Peltz property, overlooking the Atlantic Ocean and just north of the famed Breakers Hotel, features a French Regency-style, 44,000-square-foot main residence. The 13-acre property also has a 16,000-square-foot guesthouse, two swimming pools, a tennis court and a movie theater. Peltz, who is a member of The Forbes Four Hundred Richest in America list, is chief executive of New York holding company Triarc Companies (arbys, wendys). He is trying to sell the property because he doesn't use it anymore. Ned Monell of Sotheby's International Realty has the listing. Nelson Peltz is the former owner of Snapple. His current net worth is estimated at $1.05 billion, and he lives in an oceanfront mansion in Palm Beach.

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