Billionaire Bill Gates Purchases Palm Beach Mansion for $8.7 Million in Cash
May 06, 2014 May 06, 2014
After renting homes in Wellington for a total of $1.1 million, Bill Gates, the founder of Microsoft, has become a Palm Beach County landowner. Moreover, he paid for his new home in cold hard cash.
Gates, the richest man in America with a wealth of $67 billion, purchased his home at 3155 Mallet Hill Court for $8.7 million. His property includes 4 acres of pasture, a 7,230 square-foot mansion with four bedrooms, four bathrooms, equestrian training grounds, and two barns with space for 20 horses.
The house was purchased by the secretive Mallet Hill Trust from long time owner and equestrian Linda Juckette.
Bill McCaughan, a partner at the Miami branch of K & L Gates, was one of the trustees involved in the purchase of the Mallet Hill mansion. K & L Gates is a law firm founded by Bill Gates' father, and often represents Microsoft in legal matters. McCaughan was asked if Bill Gates was indeed the buyer, but he refused to confirm it. However, an anonymous neighbor notes that many residents are aware that Gates is indeed the buyer.
Mallet Hill's residents include Michael Bloomberg, the New York City Mayor, Frank McCourt, previous owner of the Los Angeles Dodgers, Sulhail Rizvi, a private equity banker whose firm owns the rights to The Twilight Saga, Stuart Roffman, the owner of the mega-yacht Lion Share, and the newest resident Bill Gates.
Source: gossipextra.com
Photo credit: Bill Gates - wikipedia.com, Aerial view - billionaireaddresses.com, House - gossipextra.com
Share your thoughts with us
Your Miami Condo Awaits
Recent Posts
Opinions and Advice The Insider’s List - Condo BlackBook’s Monthly Curated Digest
As editors, real estate experts, Miamians, and lovers of so many things, we here at CondoBlackBook.com come across many a great read and post. So great, that we thought it’d be nice to share some of our top picks each month - videos, snippets, news pieces and articles, you name it, all things lifestyle, design, wellness, food, travel, business and just plain interesting stuff in our monthly CondoBlackBook.com Curated List. So here are our picks to round out September -- take a peek, indulge, and get inspired! Spooky Good 27 Sarcophagi Found in Ancient Necropolis Source: Vice | Ph. Ministry of Tourism and Antiquities Just in time for all the archeological aficionados and Halloween lovers out there, Cairo unearthed a true treat. Researchers have found 27 untouched, 2,500-year-old Sarcophagi, raising hopes of many more. Flo Grown - Florida Love Southbound Source: New York Times Florida Attracts More Northerners. Since the beginning of the pandemic, home sales in parts of the...
Real Estate News Miami’s Top Classic Condos Built for Tennis Players
Miami's love affair with tennis dates way back to the 1980s when the Miami Open first started being hosted at Crandon Park in Key Biscayne. Celebrated as the largest tennis tournament outside the four Grand Slams, the Open series has given fans the chance to watch the court legends of Andre Agassi, Chris Evert, Steffi Graff, Pete Sampras, Roger Federer, Monica Seles, Novak Djokovic, Rafael Nadal, Andy Murray, Venus Williams, Serena Williams, Vika Azarenka, and many more over the decades to the Magic City. Charmed by our gorgeous beaches, great art, international culture, world-class entertainment options, fabulous food and restaurants, and fantastic year-round weather (especially good for tennis practice in the winters), some of these tennis pros decided to stick around and call Miami home. Our current list of tennis star residents includes Novak Djokovic (Eighty Seven Park), Caroline Wozniacki (Palazzo del Sol), Anna Kournikova (Bay Point Estate), Mary Joe Fernández (Pinecrest) and...
Real Estate News Family Friendly Condos: The Top 3 Buildings in Edgewater, Miami
The decision to buy a new home is one of the most exciting ones you'll ever make. And when you're moving with a family, you've got the kiddos to consider. At the top of the list when looking for a family friendly home is, what's the neighborhood like? Are there many family friendly activities and parks? And what amenities does the condo building have? Do the condos have a children's room or teen room? Kiddie pools? How about some spaces dedicated for parents? Talking about Edgewater, this residential neighborhood has been climbing popularity charts in recent years, and fast, especially with young families. Edgewater has emerged as one of the most desirable residential destinations in Miami, with new luxury construction and branded condo developers eyeing this bayfront area, which comes dotted with cafés, restaurants, convenience stores, and parks. So, which are the most family friendly condos in Edgewater? Condo BlackBook has created the following point system to rank the most family...
Lifestyle October 2020: ‘Scare Up’ Some Fall Fun with These Miami Events
It’s that time of year again, when orange skies fill the air and pumpkin spice lattes fill your coffee mug. Fall in Miami is truly beautiful - the weather is cooler, the sunsets are stunning and the pace of our lives starts to wind down a bit. October in Miami is great time to experience the outdoors and get in some nature walks to recharge the senses without breaking much of a sweat - not to mention have some fun! So, for things to do in Miami this month, we’ve got a mixed goodie bag of online and on-ground events to help you have some Halloween fun. (We highly recommend double checking the availability of the on-ground events before heading out.) There’s also a virtual run, online jazz series, boat show, and carnival to keep you in the highest of fall spirits. Look below for the complete list of virtual and on-ground events to spice up your October in the Magic City: Halloween Specials Drive-Through Pumpkin Patch: October 3-31 Miami-Dade County Fair & Expo Center, University...
Lifestyle Our Top 10 Sailing & Boating Clubs - From Coconut Grove to Miami Beach
Nothing embodies the Miami lifestyle better than a day of sailing on the beautiful blue waters of Biscayne Bay, the Atlantic Ocean, or the Intracoastal Waterway. Boating is a way of life in South Florida. For those who want to board a boat and join the fun, here is a list of our 10 favorite sailing and boating clubs in Miami. 1) Biscayne Bay Yacht Club 2540 S Bayshore Dr, Coconut Grove The Biscayne Bay Yacht Club (BBYC) is Miami’s oldest boat club, dating back to 1887, when it leased the Florida Cape Lighthouse as its headquarters. The club purchased its current clubhouse in 1932 and has been involved in practically every important sailing race in South Florida to date. Today, the club continues to be among the most popular sailing clubs in Miami, with regattas throughout the year, sailing lessons, and all kinds of sailing events. The BBYC has also become popular among windsurfers and is now known as the international hub for this popular sport, turning out Olympic-caliber...
Real Estate News These Two New Miami Towers Could Become Edgewater’s Latest Developments
Edgewater is expanding. Again! With two new residential towers planned - one condo and one multifamily - the Miami waterfront neighborhood is once again proving it’s continuing to be Miami’s most desirable neighborhood. Both projects are currently awaiting a vote from the City of Miami’s Urban Development Review Board. Developers have been attracted to Edgewater for residential projects, given its family-friendly vibe. The Bayfront neighborhood further benefits from close proximity to the shops and restaurants of Midtown, high-end shopping at the Design District, the eclectic art scene of Wynwood, and general vivacity of Downtown. It is also minutes from a Metromover station that takes people through to Downtown and Brickell. New Edgewater Condo Grupo T&C: 36-story, LEED-certified Condo Tower designed by Kobi Karp Sitting just behind Quantum on the Bay and 1800 Club, Lima-based developer Grupo T&C is proposing a 322-unit, 36-story tower at 1825 and 1837 NE Fourth Avenue. The...
