Palm Beach billionaire George Lindemann pulls in $25M for beach mansion

An aerial of 1565 North Ocean Way in Palm Beach

 via Cristina Condon of Sotheby’s International Realty

The oceanfront Palm Beach home of billionaire George Lindemann sold recently for $25.2 million, roughly $7 million under the $32 million ask when it listed last summer.

There are seven bedrooms, eight bathrooms, and 170 feet of beach frontage.

Located on over three acres at 1565 North Ocean Way, the Indonesian-themed 10,811-square-foot residence was built in 1937 and has been extensively renovated, per the Palm Beach Post.

The renovation was led by Peter Marino.

Noted society architect Marion Sims Wyeth designed the North Ocean Way house in the late 1930s in a Bahamian Colonial style that Marino transformed with his contemporary reinterpretation of South Pacific décor.

The main living area has dark-beamed peaked ceilings, dark-stained wood floors and a wall of wood-framed glass doors that capture ocean views across a broad lawn leading down to the beachfront dunes.

Lindemann, who was declared the 722nd richest person in the world in 2016 by Forbes, paid $23.5 million for the property in 2008.