Friday, May 23, 2014

Kennedy "Winter White House" is Up for Grabs

A piece of Camelot is on the market again, this time in Palm Beach.  See the listing here.

For a cool $38.5 million you can own this 15,000-square-foot Atlantic Beach compound which reeks history.  The house was sold in 1995 to investment banker John Castle for a mere $4.9 million but the house was, at the time, considered a "tear down."  Thank goodness the investment banker CEO was smart enough to understand the historical significance of the property and put $6 million into the place. The house was built in 1925 by Addison Mizner for department store magnate Rodman Wanamaker. Joseph P. Kennedy bought the place in 1933 for $120K. According to local lore, the family would come down for "Easter, Christmas and Spring Break," where they would "play tennis and spend time on the beach." Before it became the go-to spot for presidential vacations, Joe Kennedy commissioned an additional wing and also had a tennis court and a swimming pool put in.

Because this was JFK's parents' domain, he and Jackie also rented a nearby house owned by C. Michael Paul for some visits. Still, Kennedy is said to have held "press conferences and presidential meetings" in the oceanfront home.

Interestingly, Jack and Jackie's Middleburg, Virginia home, Wexford, is still on the market and has been reduced to $7.95 million.  If you missed it, read about it here.

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