1 Kraft Paid $3 Million Less Than Initial Asking Price
According to multiple reports, Kraft paid $23.75million for the penthouse, almost three million less than the initial list price of $26.5million. The penthouse, one of the only on the beach, was first listed in September.
2 It Is One of the Few Ocean View Penthouses in Palm Beach
The penthouse apartment is located in the Levertt House-Palm Beach building. Erving Wolf, an oil and gas executive, and his wife Joyce purchased the property for $6 million in 2000. According to the Wall Street Journal they hired their daughter-in-law Maya Lin, who designed the Washington Vietnam Veterans Memorial, to renovate it.
3 It Boasts Over 5,000 Square Feet
The apartment is four bedrooms and 5.5 baths, offering over 5,000 square feet of living space plus a 1,300 square foot terrace. It also boasts a library, floor to ceiling windows, walnut floors, and gallery-style walls. Lin used natural wood, stone, and limestone to mirror the color of the ocean, when designing the luxurious home.
4 And Features an Open Floor Plan ae0fcc31ae342fd3a1346ebb1f342fcb
One thing Lin did was give the apartment more of an open floorplan. “The apartment when we first saw it had potentially wonderful views to the water but was partitioned off by a more traditional separation of formal rooms,” Lin told the WSJ in September. The Wolf family were avid art collectors, so she designed the foyer to serve as a mini gallery.
5 It Is the Most Expensive Condo in Palm Beach History
Why was the purchase considered record setting? The $23.75 million dollar sale price is the highest of a condo in Palm Beach. The previous record was between $15 and $20 million. The pad isn’t the most expensive property owned by Kraft, however. He threw down $43 million on a Hamptons mansion in 2021.
