Speculation Property

The history of this Palm Beach mansion is fairly short--because it doesn't really have a history. Thought to be the highest-priced speculation property in Palm Beach, the Mediterranean-style estate was built by Addison Development and is listed for $38 million. The house has nine bedrooms, 12 baths, a guest house, six-car garage, a private dock, 274 feet of ocean-to-lake frontage and deeded beach rights. The property is represented by Cristina Condon of Sotheby's International Realty.