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Gulf Stream Waterfront Compound Just Reduced to $7.995 Million by Douglas Elliman Agent Nick Malinosky

January 19, 2018

The unique waterfront compound located at 1200 North Ocean Boulevard in Gulf Stream, Florida was just reduced to $7.995 million by Nicholas Malinosky of Douglas Elliman. The property has been reduced $1 million from the previous list price of $8.995M making it an incredible value for the size of the parcel, waterfrontage and architectural significance.

Designed by society architect Marion Sims Wyeth, Lemon Hill was built in 1939 and proudly takes its place among other Wyeth masterpieces, including Mar-A- Lago in Palm Beach, Shangri La in Honolulu and the Florida Governor’s Mansion in Tallahassee. The secluded and expansive parcel is perfectly nestled beside a 3.5 acre protected nature preserve and at the end of a quiet canal just off the Intracoastal Waterway. With 65 feet of water frontage and easy access to the ocean via nearby inlets to the north and south of the property, Lemon Hill is a boater’s dream.

Situated on 2.63 acres, the private compound has a main entrance, circular drive and service entrance. The property includes the main house, pool house and caretaker’s house for a total of seven bedrooms, eight full baths and three half baths. The Georgian manor offers a foyer with main curved staircase, spacious living room with fireplace and original wood parquet floors, formal dining room, library with full bar, large kitchen with breakfast room, master wing with his-and-her dressing suites, three additional en suite bedrooms in the main house, pool house with full bedroom and two additional bedrooms in the caretaker’s house. There is a two-car garage and additional out building with half-bath perfect for a workshop or gardening house.

The historical value and aesthetic presence of this waterfront Marion Sims Wyeth residence is beautifully enhanced by the uncompromising and unrivaled 2.63 acre land parcel east of the Intracoastal Waterway. Situated atop a coral ridge, Lemon Hill enjoys a unique high elevation. Stunning sunset vistas over the lush property and down the hill to the water are a stand-out. Privacy and security is furthered by an alarm system and automatic back-up generator as well as automatic and accordion hurricane shutters.

The current owners have honored this Wyeth masterpiece by lovingly and meticulously maintaining all aspects of the residence for two decades. Two of South Florida’s rarest commodities combine to create this unrivaled real estate opportunity: A Wyeth-designed home located on an unparalleled parcel of land in the town of Gulf Stream. This is truly a ‘once-in-a-lifetime’ property. See Property Details

This Gulf Stream compound is exclusively listed by Nicholas Malinosky of Douglas Elliman Delray Beach. Please contact Nick to arrange a showing or to place an offer.