Owner of the New England Patriots scores a Palm Beach penthouse that sets a new record
Despite the fact that he needs a second high-maintenance Palm Beach residence about the same as a narwhal needs a spatula, billionaire businessman Robert Kraft, owner of the New England Patriots, has nonetheless spent $23.75 million for a penthouse apartment at the Leverett House, one of the few oceanfront condo buildings in this hoity-toity south Florida beach town.
It was hailed in the local press as Palm Beach's most expensive condo when it hit the market a few months ago. The high sale price makes it the most expensive condo ever sold on the notoriously clannish and exceedingly wealthy island.
In addition to being a comfortably appointed minimalist-minded condo measuring not quite 5,100 square feet, it was once owned by rags-to-riches oil and gas pioneer Erving Wolf, who passed away in 2018, and his wife Joyce Wolf, who passed away earlier this year. A noted collector of American art, the couple acquired the beachfront condo for about $6 million in 2000 and had it remodeled by their world-famous architect, designer, and sculptor daughter-in-law Maya Lin. In 2021, Lin's husband, the Wolfs' son, Daniel Wolf, also passed away.
It's imbued with an organic palette of medium-brown glossy wood floors, taupe grasscloth wall coverings, and many custom-tailored stone and wood accents throughout the light-filled condo.
Floor-to-ceiling cream-colored curtains open to reveal a cinematic view of the sugar-sand coastline and the Atlantic Ocean. More than 1,300 square feet of al fresco living area can be found on the wraparound terrace.
Besides the long, smooth-paneled entrance gallery, there's a combined living and dining room that can hold up to twenty people, a relaxed den with terrace access, and a sleek kitchen with high-performance stainless steel appliances, grey-flannel stone counters, and white laminate cabinetry.
As per Rich Report, the penthouse transferred with two parking spaces and a monthly common charge of just over $7,600. There are also a number of high-profile people who own units in the low-rise boutique building, including makeup mogul Adrien Arpel, who paid $9.4 million for her unit earlier this year.
Paulette Koch and Dana Koch of The Corcoran Group listed the penthouse; Christian Angle, principal of Angle Real Estate, represented Kraft in the transaction.
Known for his million-dollar donation to Donald Trump's 2016 inaugural fund, Kraft owns ultra-posh homes up and down the East Coast. In addition to his new condo, he owns a large spread in Chestnut Hill, Mass., a waterfront getaway on Cape Cod, a huge spread in the tony village of Chestnut Hill, Mass., and a beachfront estate in Palm Beach with not just one, but two swimming pools. In 2020, his new cosmetics tycoon neighbor in Palm Beach sold her $21 million estate along the same illustrious Southampton street where his $43 million oceanfront Hamptons home was located.