After a long and winding road, music legend Billy Joel has finally found a buyer for his sprawling Florida estate. The massive mansion, nestled in the exclusive Manalapan area near Palm Beach, has been sold for $42.6 million. This comes after a series of price reductions from the original asking price of $64.9 million, marking the end of a six-year saga.
The journey to sell this opulent property has been anything but straightforward. Joel, known for his iconic hits like “Piano Man” and “Uptown Girl,” purchased the 13,349-square-foot, Mediterranean-style home in 2015 for a little over $22 million. His initial hope was to flip it for a profit, listing it in 2018 with a price tag of $33 million. But in 2022, the price was almost doubled to $64.9 million, a bold move that unfortunately didn’t attract any serious buyers.
The lack of interest forced Joel to implement several price cuts over the next few years. This year alone, the price saw multiple dips, ultimately reaching $49.9 million before finally settling at $42.6 million. It seems Joel was ready to move on from the real estate headaches, accepting an offer significantly lower than his initial aspirations.
The nine-bedroom, 11-bathroom estate is a luxurious haven. Spread across 1.6 acres, it boasts stunning views of the Intracoastal Waterway. Its design is a blend of sophisticated finishes, intricate millwork, and expansive spaces that are perfect for entertaining. The listing highlighted its large reception areas, a formal dining room, and other impressive features, making it an ideal spot for hosting grand events.
This sale comes at a time when Florida’s luxury real estate market is seeing an increase in inventory. This shift has led to a more balanced market, giving buyers more options and negotiating power, as seen in the final price Joel accepted.
This Florida sale isn’t the only Joel property attracting attention lately. Earlier this summer, the singer put his Highland Falls, New York, country estate on the market for just under $2 million. This home is famous for being the inspiration behind his classic song “New York State of Mind.” Joel also recently listed his massive 20,000-square-foot compound on Long Island’s Gold Coast. This estate, featuring 18 bedrooms, three pools, and even a helipad, is priced at $49.9 million.
While the sale of his Florida mansion may not have achieved the price he initially hoped for, it marks the end of a long chapter in Joel’s real estate journey. The iconic musician can now focus his attention on his music and other endeavors, leaving the real estate headaches behind.