Billy Joel Finally Sells Florida Mansion After Slashing Price By $22 Million And Waiting 6 Years For A Buyer

After six long years of trying to sell his sprawling Florida estate, music icon Billy Joel has finally found a buyer for the massive property. The mansion, located in the exclusive Manalapan area near Palm Beach, sold for $42.6 million – far below its original $64.9 million asking price.

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The journey to sell this estate has been a saga. Joel purchased the 13,349-square-foot, Mediterranean-style property in 2015 for just over $22 million. He initially listed it in 2018 with a price tag of $33 million, hoping to make a quick profit. But in 2022, the price was almost doubled to $64.9 million. Unfortunately, it didn't attract any serious buyers at that number, leading to several price cuts over the next couple of years.

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This year alone, the home saw its price dip multiple times, eventually reaching $49.9 million. In March, it was cut to $49.5 million. Finally, Joel agreed to a much lower offer of $42.6 million, ending the mansion's roller coaster on the market.

The nine-bedroom, 11-bathroom home is packed with luxury features. Sitting on 1.6 acres, the estate has stunning views of the Intracoastal Waterway. Its design includes sophisticated finishes, intricate millwork and expansive spaces perfect for entertaining. The listing highlighted its large reception areas, formal dining room and other impressive features, making it a perfect spot for hosting events.

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Florida's luxury real estate market has been experiencing an increase in inventory, leading to a more balanced market between buyers and sellers. This shift has given buyers more options and negotiating power, as evidenced by Joel’s willingness to accept a much lower offer than his initial asking price.

This Florida sale isn't the only Joel property grabbing attention lately. Earlier this summer, the singer put his Highland Falls, New York, country estate on the market for just under $2 million. The home is famous for where Joel wrote his classic song "New York State of Mind." 

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Joel also recently listed his massive 20,000-square-foot compound on Long Island's Gold Coast. That estate, featuring 18 bedrooms, three pools and even a helipad, is priced at $49.9 million.

As for the Florida mansion, Joel is likely relieved to have it sold, even at a discount. After six years of price cuts and failed sales attempts, closing the deal at $42.6 million means he's ready to move on from the real estate headaches and focus on other endeavors.

For Joel, who has built an empire through his music, this sale marks the end of a long chapter in his Florida real estate journey. While the price wasn't what he initially hoped for, the iconic musician can now check this mansion off his to-do list.

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