Miami Condo Market and Lifestyle Updates
Billionaire Bill Gates Purchases Palm Beach Mansion for $8.7 Million in Cash

Billionaire Bill Gates Purchases Palm Beach Mansion for $8.7 Million in Cash

by Sep Niakan | 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. 



Photo credit: Bill Gates - wikipedia.comAerial view - billionaireaddresses.comHouse -

Recent posts


7 Must-Do Pre-Halloween Events

by Sep Niakan | October 13, 2016

I know Halloween’s around the corner and it’s a given it will be the highlight of everyone’s social calendar. Miami’s Fall calendar is full of exciting events and here’s the low-down on how you can enjoy the run up to...

Real Estate News

With Approved 960-Foot Brickell Market Place, a Headache for Brickell Heights?

by Sep Niakan | September 27, 2016

Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...

Real Estate News

An Edgewater Miami Hotel Joins the Micro-unit “Tiny Homes” Trend

by Sep Niakan | September 26, 2016

Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...

Real Estate News

Skyrise Miami: Future Tourist Destination and Hard Pill to Swallow for Miami Locals

by Sep Niakan | September 23, 2016

The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...