Exquisite Mediterranean-Style Mansion in Palm Beach Wants $42M

North Palm Beach Home

Ever daydream about the snowbird life? It might be time to ditch that shovel for a golf club—assuming you have $42 million lying around. Real estate scion and casino developer Jeffrey Jacobs, whose family once owned the Cleveland Indians, is selling Bel Viaggio, his mansion in North Palm Beach. In 2001, he bought the 2.9-acre property for $3.9 million, knocked down two smaller houses, and hired architect Gene Pandula to design an estate inspired by the Mediterranean-style villas built in the 1920s and ’30s by local architect Maurice Fatio.

Situated steps from the exclusive Seminole Golf Club and boasting 190 feet of ocean frontage, the nearly 19,000-square-foot residence has nine bedrooms, an art gallery and movie theater, and a rooftop tower with a telescope. “The home is in a gated community, which makes it desirable to those seeking privacy,” says Douglas Elliman’s Gary Pohrer, who shares the listing with the firm’s Elizabeth Zahra. “I don’t know of another spot in Florida where you can get as much oceanfront acreage without being on a main road.”

Palm Beach mansions don’t come more pristine than this, so if you have $42 million to spend, don’t be shy since this place may fly off the market soon.