Cleveland Clinic to build hospital in West Palm Beach, and 'Pee-Wee's Playhouse' meets luxe mansion in Boca Raton
Welcome to The Dirt! I'm real estate, weather and critter reporter Kimberly Miller with the latest developments in the sizzling market.
I'm starting to get the distinct impression that we are all living in SimCity and billionaire Stephen Ross is the game master building up a metropolis around us like the machines in the Matrix. Or maybe it's Forge of Empires? Or just a full blown, all out "Game of Thrones" scenario and West Palm Beach is Kings Landing. Ooh. Can I be Daenarys?!? Just kidding. I could never eat a horse heart. 🤢
Moving on. Ross orchestrated the deal to have Cleveland Clinic open a hospital in West Palm Beach, and signed a purchase agreement — with cameras present of course — to sell land along Australian Avenue for the medical campus.
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In other real estate news last week, another Jimmy Buffett house sold, a fun estate that is a mix of "Pee-Wee's Playhouse," Mount Olympus and high-end luxury mansion is for sale in Boca Raton, and (stop me if you've heard this already) Stephen Ross did something.
Also, and this is kind of real estate related because there's a python hot spot in Palm Beach County and you don't want to buy anything near a python hot spot, do you?
You might think the designer of 1201 Marble Way, has, in all actuality, lost her marbles, but you'd be (mostly) wrong. Angela Nalbantu, who owns the 12,700 square-foot estate in Boca Raton, is just really into mythology, and the four elements, and folklore, and dragons, and Archangels, and peacocks, and painting, and making pottery, and sewing. I mean, who isn't? Right?
Alas, with most of her children grown and out of the house, she and her husband are looking to downsize from the 12-bedroom waterfront home with three pools, including one shaped like a fish. Some home décor and furniture may be negotiable.
The second of three Jimmy Buffett homes on the Bohemian-style (as Bohemian as you're going to get in Palm Beach) Root Trail sold for $4.795 million this month. Buffett, who died in 2023, may have personified the margarita-loving beach bum surfing pirate persona, but he was also an astute businessman. He was named a billionaire by Forbes.com before his death.
There's just one Buffett cottage left on Root Trail if you're interested, and it's listed at a just-reduced priced of $4.775 million. That's down from the original list price of $6.125 million.
File this under "Stephen Ross did something, again" news, which is ample these days. This time it's the opening of the One Flagler office tower in West Palm Beach, a 25-story stunner at the base of the Royal Park bridge. It is 95% leased, has a fitness center, and is home to the acclaimed restaurant Estiatorio Milos, which is open to the public.
So, wait, that's how many buildings now for Ross in West Palm Beach? And do we count CityPlace as a single building or multiple? Either way, I think Ross is winning the SimCity tournament of champions. Game over. Do not pass go, do not collect $200. Bye, Felicia.
Live lightly.
Kimberly Miller is a journalist for The Palm Beach Post, part of the USA Today Network of Florida. She covers real estate, weather, and the environment. Subscribe to The Dirt for a weekly real estate roundup. If you have news tips, please send them to kmiller@pbpost.com. Help support our local journalism, subscribe today.
This article originally appeared on Palm Beach Post: Cleveland Clinic comes to West Palm Beach and another Jimmy Buffett home sells
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