$24M for a Palm Beach Waterfront Estate

A breathtaking lakefront Mediterranean estate in Palm Beach, FL is on the market for $24 million. The sprawling property is owned by venture capitalist Fred Adler and his wife Catherine who have reportedly decided to vacate the Sunshine State to spend more time in New York City where they bought a $27 million condo in 2007. View the listing.

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A breathtaking lakefront Mediterranean estate in Palm Beach, FL is on the market for $24 million. The sprawling property is owned by venture capitalist Fred Adler and his wife Catherine who have reportedly decided to vacate the Sunshine State to spend more time in New York City where they bought a $27 million condo in 2007. <a href="http://www.trulia.com/property/3042518249-1520-S-Ocean-Blvd-Palm-Beach-FL-33480" target="_blank">View the listing</a>.
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Fred Adler bought the mansion in 1991 for $3.9 million and spent many years and many millions of dollars meticulously renovating the home.
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The 1.3 acre property faces the ocean on one side and the Intracoastal Waterway on the opposite side.
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A view of the large, brightly-lit living room that features high-carved ceilings, marble floors, and a fireplace.
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The home totals a staggering 11,627 square feet.
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An exquisite chandelier decorates this room that boasts arched windowed doors.
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A view of the formal dining room that opens to the terrace.
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The mansion boasts ten bedrooms, all as elegant and spacious as the one pictured.
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A grand staircase leads up to the second floor.
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The mansion offers spectacular views of the water.
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A large covered patio sits adjacent to the heated pool.
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A view of the large pool.
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The home was originally designed by Marion Sims Wyeth in 1926, but has recently undergone a multi-million dollar upgrade leaving the property in mint condition.
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A view of the North/South clay tennis courts.
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The gorgeous backyard also features a putting green with sand traps.
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The mansion has a new integrated sound system, four-car garage, and a new full-house generator.
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