Barnes & Noble founder finds buyer for $96M Palm Beach home
The founder of Barnes & Noble, Leonard Riggio, has found a buyer for his luxurious Palm Beach home for a staggering $96 million. The estate, located in the exclusive Florida enclave of Manalapan, boasts breathtaking views of the Atlantic Ocean and over 300 feet of pristine beachfront.
Entering a New Chapter
Riggio purchased the property in 1993 and has called it home for nearly three decades. However, the 80-year-old entrepreneur has decided to downsize and simplify his life, ushering in a new chapter for both himself and the sprawling estate.
A Look Inside
The 13,000-square-foot main residence features seven bedrooms, nine bathrooms, a spacious gourmet kitchen, formal living and dining rooms, a home theater, and a wine cellar. The property also includes a separate guest house, a pool house, and a four-car garage. The outdoor space is just as impressive, with meticulously manicured gardens, a swimming pool, a tennis court, and direct access to a private beach.
Unmatched Luxury
The estate exudes luxury at every turn, with high-end finishes, custom millwork, and top-of-the-line appliances throughout. Soaring ceilings, expansive windows, and multiple balconies offer stunning views of the ocean and surrounding landscape. The property provides a serene retreat from the hustle and bustle of everyday life, making it the ultimate private oasis.
Market Value
With a selling price of $96 million, Riggio’s Palm Beach home sets a new record for the area. The sale highlights the continued demand for prestigious properties in prime locations, especially those with unparalleled ocean views and exclusive amenities.
Conclusion
Leonard Riggio’s decision to sell his Palm Beach home marks the end of an era for the Barnes & Noble founder. The $96 million sale reflects the estate’s exceptional quality, prime location, and unmatched luxury features. As Riggio transitions to a new chapter in his life, the new owner will have the opportunity to enjoy the lavish property and all it has to offer.
FAQs
1. Why did Leonard Riggio decide to sell his Palm Beach home?
Riggio has decided to downsize and simplify his life, prompting him to sell his luxurious estate in Manalapan.
2. What are some of the key features of the Palm Beach home?
The property boasts over 300 feet of beachfront, a main residence with seven bedrooms, a guest house, a pool house, and a tennis court.
3. What was the selling price of the Palm Beach home?
The estate sold for $96 million, setting a new record for the area.
