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    A Billionaire Is Taking Over a West Palm Beach Street for His Private Estate—and Neighbors Aren’t Happy

    Paul Tudor Jones is building a sprawling waterfront estate in Florida‘s West Palm Beach, and he plans to incorporate a chunk of public street into his private domain.

    The billionaire hedge funder just won approval from the West Palm Beach City Commission to acquire a portion of Essex Court, a slender, dead-end lane in Southend—also known as the Soso neighborhood—for $220,000, Realtor.com reported. And why does he want this bit of blacktop? So he can create a private, gated compound connecting two luxury homes he’s currently building along the Intracoastal Waterway. 

    The legendary investor, worth more than $8 billion, already owns three contiguous properties he will combine into a single compound. Tax records show he picked up two side-by-side waterfront parcels for nearly $10 million in 2021—one of the lots had a modest house on it, and together they span almost 2.3 acres, and last year he shelled out another $6.4 million for a neighboring property with an existing home sitting on a .43-acre plot. With this latest land grab, Jones now controls roughly 2.7 acres—plenty of space to craft a secluded estate. 

    The section of Essex Court he’s acquiring is only about 65 feet long and does not provide access to any driveways of neighboring homes, according to the Palm Beach Daily News. His team, led by planner Brian Cheguis of iPlan & Design, made sure the plan passed muster with the city’s Plats and Review Committee, and they even got the fire department’s green light. 

    “We left 30 feet from the swale back,” Cheguis explained to the publication, adding that the gates will be set back far enough to allow some road access. “It’s really not that big of a deal.”  

    Billionaire Paul Tudor Jones is buying public street land in West Palm Beach to build his own estate.

    Getty Images

    However, not everyone is thrilled. Some neighbors are upset about losing part of the public street, fearing it will shrink available parking and make it more difficult for service trucks and emergency vehicles to access and turn around. “This guy has more money than we do, and as a billionaire, he’s probably used to getting everything he wants,” one frustrated resident told the magazine.

    Jones owns several impressive properties across the country, including a $30 million mansion in Cambridge, Maryland, and a waterfront estate in Belle Haven, Connecticut. He isn’t the first finance titan to assemble a mega-compound in South Florida, either. Citadel’s Ken Griffin famously spent years piecing together 25 acres of prime ocean-to-lake land, while Kenneth G. Tropin and William P. Lauder have also combined properties to create sprawling estates. 

    Until recently, this trend was more common in Palm Beach. But as West Palm Beach gains traction as “Wall Street South,” more and more deep-pocketed buyers are looking to put down real estate roots across the Intracoastal. And, with the new wave of ultra-wealthy moving in, the metro area’s $515,000 median home price is likely to increase considerably over the next decade. 

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to…

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    Late PBS Anchor Robert MacNeil’s N.Y.C. Apartment Overlooks the Museum of Natural History

    The New York City home of late PBS journalist Robert “Robin” MacNeil just hit the market for $5.5 million. Co-listed by Leslie O’Shea and Stacy Dolan of Brown Harris Stevens, the West 77th Street spread offers prewar detailing and timeless elegance. “The apartment is in estate condition,” O’Shea told Mansion Global. “It’s like walking into a very elegant time capsule.” 

    The Canadian-born broadcasting legend who co-founded PBS’s NewsHour with Jim Lehrer in 1975 made the Upper West Side apartment his sanctuary after stepping away from the anchor desk in 1995. He died in 2024 at the age of 93, and now his estate is passing the keys to a new owner who will hopefully appreciate its history and grandeur.   

    RELATED: Liam Neeson Puts a $10.8 Million Price on His Park-View Manhattan Pied-à-Terre

    Fluted pilasters embellish a gallery that connects the living and dining rooms.

    Jon Nissenbaum

    The rambling three-bedroom, three-bath apartment is situated on the 8th floor of the neo-Gothic Studio Building—a 14-story landmarked beauty built in 1909. The building itself was originally designed as artist studios by renowned architects Herbert Spencer Harde and R. Thomas Short and is decked out with intricate terracotta detailing, while the apartment, which spans about 2,700 square feet, has some of the best views in the city. In fact, the south-facing windows in the spacious living room look directly out on the American Museum of Natural History. 

    A semi-private elevator landing leads to a foyer and gallery that retains its original leaded glass windows. The gallery connects the grand, light-filled living room with the rosewood-paneled dining room. The latter comes complete with interior leaded glass windows so you can keep an eye on guests as they enter the foyer. Nearby is a roomy and well-maintained, if somewhat dated, kitchen as well as a staff bedroom and bath and a convenient service entrance.

    RELATED: An N.Y.C. Condo With Ties to ‘Babygirl’ and ‘Succession’ Just Sold for $20.1 Million 

    The rosewood-paneled dining room is adorned with original leaded glass windows.

    Jon Nissenbaum

    The layout was made for entertaining, with public and private spaces thoughtfully separated; party up front, peace and quiet in the back. At the end of a long, L-shaped corridor that shoots off of the foyer, the primary suite has plenty of closet space and an en-suite bath, while two additional bedrooms share a Jack-and-Jill bathroom. Three wood-burning fireplaces scattered throughout add an extra dose of coziness. 

    The full-service building has everything you’d want from a doorman to a live-in resident manager, private storage, bike storage, a playroom, a gym, and a central laundry room.  

    Click here to see more photos of the Upper West Side abode.

    Jon Nissenbaum

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to…

    Read More More