Wednesday, July 28, 2010

Wackenhut Estate - Indian River Shores - Vero Beach, Mansions

The famous former Wackenhut mansion, a massive European style 5-acre oceanfront estate at 270 Bermuda Bay Lane in Indian River Shores, has changed brokers.

The home, touted as the most expensive residential property ever sold in Indian River County, is now being marketed by Clark French, broker at Premier Estate Properties in Vero Beach. It was purchased for $18.6 million in 2005 by an Illinois entity named Bermuda Bay LLC. Clark sold the property back then as well.
The estate features 48 rooms with eight bedroom suites, 15 bathrooms, a library, game room, media room, a two-story master suite, a solarium, a main house and guest house. Exceptionally well-priced at only $22,995,000 reduced from $39,600,000.
George Wackenhut and his wife, Ruth moved from their medieval-style estate in Coral Gables to the Vero Beach mansion after the home was built in the late 1990s. He founded global security firm Wackenhut Corp. and was known as an outspoken Republican. After his death in 2004, his wife sold the estate.
The furnished palatial estate has 22,000 square feet of living space and is situated on 360 feet of private ocean access.
Other expensive Treasure Coast Homes:
Tiger Woods purchased the 400 block of South Beach Road, a 12-acre site in Jupiter Island, for $44.5 million during 2006 and 2007.

• NBA great Michael Jordan purchased two lots in an exclusive development called The Bear’s Club in Jupiter for a combined $4.8 million in 2008.

• In 2008, Burt Reynolds listed his Mediterranean-style, 12,500-square-foot, waterfront house in Hobe Sound for $8.9 million.

• In January, Richard Fuld Jr., the former chairman and chief executive officer of Lehman Brothers, shifted ownership of his $13.3 million Jupiter Island home exclusively into his wife’s name almost two months after the company made the largest bankruptcy filing in U.S. history.

• In 2005, Renlec Management Inc., a Canadian artist-management company run by Celine Dion and her husband, Rene Angelil, shelled out $12.5 million for a 3.7 acres waterfront home in Jupiter Island.

• In November, professional golfer Greg Norman dropped the price of his Jupiter Island home from $65 million to $47.5 million.

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