Leonard Riggio didn’t need long to find a new owner for his North Ocean Boulevard behemoth.
Leonard Riggio , founder and former executive chairman of Barnes & Noble, has found a buyer for his Palm Beach oceanfront estate, listed for $96 million.It’s a new chapter for Leonard Riggio , the founder and former executive chairman of book giant Barnes & Noble, who has sealed the deal for his swanky oceanfront estate in Palm Beach .
The mega-mansion at 1446 North Ocean Boulevard is officially off the market, snatched up amid the island’s off-season lull, according to. The property, listed for $96 million, is now in contract. It was represented by Lawrence Moens, of Lawrence A. Moens Associates. Riggio, who turned Barnes & Noble into a bookselling juggernaut, listed the sprawling 1.7-acre compound just last month.Britney Spears' LA mansion was listed for sale — without her knowledgeOceanfront properties in Palm Beach are the ultimate status symbols, rarely hitting the market. This year’s only other big-ticket sales include Daren Metropoulos dropping $148 million on an estate in June, and Ideavillage founder Anand Khubani’s $85 million splurge in April.
He bought it in 2003 for $14 million and expanded it with an adjacent lot in 2009 for $1.4 million. The estate now features five bedrooms, seven bathrooms, a half-bathroom and a pool — all meticulously renovated.But the Riggios aren’t saying goodbye to Florida completely. His wife, Louise Riggio secured an $8.1 million home in Wellington’s equestrian village in June.
The couple also has a home in New York City’s posh 720 Park Ave., as well as a 13-acre estate in the Hamptons.
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