Ultra-luxury $60 million mansion in Delray Beach, Florida with unique design and amenities

From CNBC: 2024-07-12 08:00:01

Italian-inspired design mixed with modern luxury elements make up the $60 million Mar Pietra compound in Delray Beach, Florida. Featuring 300 stone columns, vaulted ceilings, and a beachfront location, the 23,000 sq ft home boasts 9 bedrooms, 12 full baths, and 7 half baths. Crafted with limestone and marble from Italy, the estate is a unique blend of old-world charm and contemporary amenities.

Situated on an oceanfront lot with a climate-controlled subterranean garage, Mar Pietra expands to 4,000 sq ft via covered areas like a loggia. The property is 5 times larger than the average Delray Beach home and commands a price tag over 18 times higher than the local luxury home average. Previously, the highest sale price per square foot in the area was just under $2,600.

Owner Massimo Musa built Mar Pietra over five years employing craftsmen and sculptors to craft the palatial residence, which stands 21 feet above sea level. Due to unique zoning allowances stemming from the site’s former hotel status, the estate has a larger footprint and closer proximity to the shoreline than current regulations typically allow. With a matching $60 million price tag, Mar Pietra competes with the highest price ever achieved in Delray Beach real estate.

The trophy estate, listed with Douglas Elliman, showcases bespoke luxury with timeless elegance reminiscent of South Florida’s high-end properties. Despite a recent 33% drop in average luxury home prices in Delray Beach, the ultra-luxury market is expected to remain strong due to the area’s appeal to wealthy clients seeking oceanfront properties and privacy. Adjacent properties on South Ocean Boulevard have listed for $74 million and $50 million, emphasizing Mar Pietra’s relative value.

Potential buyers may have the opportunity to purchase both Mar Pietra and the Intracoastal Waterway lot across the street, creating an ocean-to-intracoastal compound in Delray Beach. This one-of-a-kind offering includes the option to dock a mega yacht and develop a new waterfront house. Advertised as priceless, the unique zoning allowances of the package deal provide unparalleled opportunities for estate customization and luxury living.



Read more at CNBC: Tour $60 million mansion in Delray Beach, Florida