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. 

 

Source: gossipextra.com

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

Recent posts

Lifestyle

Where to Find the Best Latin and Caribbean Food in Miami?

by Sep Niakan | February 15, 2017

Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...

Real Estate News

2017 is Going to Be a Renter’s Market for Downtown Miami Condos and Apartments

by Sep Niakan | February 12, 2017

If you thought living in Downtown Miami was a distant dream, think again. 2017 comes bearing great news for those who’ve always wanted to live close to the urban core but couldn’t afford it. You will now be able to rent a Downtown Miami...

Real Estate News

Cité Condo in Miami Edgewater is Now Fannie Mae Approved, 5% Down Payments Are Back

by Sep Niakan | February 12, 2017

If you’ve been eyeing property in Edgewater, I have great news for you. With Edgewater’s Cité condos getting Fannie Mae approved, you could now get in with a lower down payment. Or better still, have reduced monthly payments due...

Real Estate News

Frost Museum of Science Likely Ready to Debut in Downtown Miami this Spring

by Sep Niakan | February 05, 2017

It looks like the Patricia and Phillip Frost Museum of Science has finally got the “spring” back in its step. A quick Google search reveals that the facility aims to open ‘early 2017’, which means it could be ready just in...