Howard Stern is buying a mansion in Palm Beach, Florida, but it wasn’t until his wife Beth Ostrosky had a change of heart. They started looking at homes in March.
Sources say the “Shock Jock” reportedly found his dream house on the most expensive stretch of the Town of Palm Beach’s north side.
It’s going to cost him a lot more than the $20 million homes he looked at in Jupiter and Palm Beach Gardens.
Stern has a contract believed to be close to $50 million on 601 North County Road — an oceanfront house that was not listed for sale. It is owned by New Hampshire textile mogul Martin Trust and his socialite wife Diane.
The Palm Beach County Property Appraiser’s office places the value of the mansion at $40.8 million, and the yearly property-tax bill is in the $500,000-range.
The Trusts, noted philanthropists, bought the place in 1986 for $4.6 million, according to property records.
Stern, who’s also a judge on NBC’s America’s Got Talent, signed off on the contract to buy after his wife came to Palm Beach solo and fell in love with the property.
It’s big, 19,800 square feet under AC. And while records do not show the number of bedrooms, it’s got 12 and a half bathrooms over two floors.
And the 59-year-old Stern won’t even have to walk up the stairs: The home is equipped with an elevator.
And a perfectly manicured croquet lawn!
The house, meanwhile, is on a part of North County Road that’s turning out to be one of the most expensive in the world, one known as “Raiders’ Row” for the high number of corporate tycoons living there.
Stern’s new place is just south of fellow radio titan Rush Limbaugh’s $40 million-compound, and two doors north from the property that Russian fertilizer king Dmitry Rybolovlev bought from Donald Trump for $95 million in 2008.
It’s directly north of billionaire Nelson Peltz’ house, which is believed to be worth in the $120 million-range.
Ironically, Peltz created controversy in the mid-90s by advertising his Snapple fruit drinks on Stern’s show while conventional wisdom claimed that Stern’s show was too hot for mainstream advertisers.
It turned out pretty well for both of them: Now, Stern is believed to be worth $500 million!
In April, Stern confirmed that he was looking for a place in Florida but denied it was to escape New York’s high-income taxes.