A New York billionaire is in contract to buy America’s most expensive mansion, The Post has learned.
Hedge funder Steven Schonfeld is in contract to buy an oceanfront Palm Beach, Florida, estate for just under $200 million, say sources close to the deal.
The home is about a half-mile south of President Donald Trump’s private club, Mar-a-Lago.
Schonfeld already owns a $90 million mansion in Old Westbury, which has his own personal chef and a private nine-hole golf course.
The Palm Beach estate, which is on the ocean and the Intracoastal Waterway, is currently owned by philanthropist Sydell Miller, who co-founded Matrix Essentials, a hair and beauty line, with her late husband, Arnold.
Schonfeld, 60, was the 18th-highest-earning hedge fund manager this year, according to Forbes. He has three children, including a 14-year-old daughter with ex-model Sidra Saucedo.
The former couple never married but were in an ugly custody battle in which video surfaced of Saucedo inhaling a can of Dust-Off spray. Last year, the New York State Supreme Court in Nassau County awarded Schonfeld sole custody of their daughter.
After nearly three years on the market, America’s most expensive home has finally sold—for 62% off.
With a price tag of $250 million, “Billionaire”—the elaborate Los Angeles spec house built by handbag entrepreneur Bruce Makowsky —was the priciest in the nation when it came on the market in 2017. After several reductions, it has found a buyer for around $94 million, according to people with knowledge of the transaction.