Real Estate News

Beachfront Broward mansion hits market for $159 million

The exterior of the Hillsboro Beach mansion listed for $159 million.
The exterior of the Hillsboro Beach mansion listed for $159 million. Bryan Niebas

It’s your chance to live like the last days of the Ancien Régime.

A massive waterfront mansion in Hillsboro Beach modeled after the French royal palace Versailles is on the market — for $159 million.

Balconies, fountains, gates and doors are coated in $3 million worth of 22-carat gold leaf. (That’s about ten times the average home price in Miami-Dade and Broward counties.) Six waterfalls adorn the grounds. A wine cellar has room for 3,000 bottles.

The $159 million asking price is actually $20 million higher than the last time the 60,000-square-foot home was offered for sale in 2014.

The 11-bedroom mansion, which is still under construction but now nearly complete, didn’t sell back then. But the owner, construction magnate Robert Pereira, is now building two guesthouses, a new pool and an “underground entertainment complex” that will include an ice-skating rink, go-cart track, bowling alley and night club.

Pereira purchased a neighboring lot for the expansion. The combined property has about 4.4 acres.

Other features include a beach accessible to the public only by boat, a 30-car garage, an IMAX theater, and his-and-her yacht docks with room for a 200-foot and 140-foot boat. Mayi de la Vega of One Sotheby’s International Realty is the listing agent.

The home, at 935 Hillsboro Mile, is called Le Palais Royal. It’s one of the most expensive homes for sale in the U.S. The next priciest listing in South Florida is a Coral Gables mansion asking $67 million. The most expensive local home sale is a $60 million Miami Beach penthouse that closed in September.

Le Palais Royal is a different mansion from the opulent, French-inspired home outside Orlando that was featured in the popular 2012 documentary The Queen of Versailles