Seaside Estate Priced At $47.8M Under Contract

Seaside estate priced at $47.8M under contract 

Never underestimate the call of the sea – orb the allure of a big chunk of oceanfront — in Palm Beach.

Six months after it hit the market at $47.8 million, billionaire Jon L. Stryker’s 2.6-acre seaside property is under contract, according to the Palm Beach Board of Realtors Multiple Listing Service.

With 300 feet facing the sea, the property has three addresses and two vintage houses, including an empty oceanfront home at 540 S. Ocean Blvd. once owned by Margaritaville singer Jimmy Buffett and wife Jane.

A vacant oceanfront lot next door at 530 S. Ocean is part of package. So is an adjacent landmarked house at 61 Middle Road, which Stryker sensitively restored for his own use after buying it in 1994.