Tour this $24 million mansion in Delray Beach, Florida, where home prices have doubled

The proprietresses of this Florida mansion are asking for $24 million for their almost 11,500 square-foot residence inside one of the scad expensive gated communities in Delray Beach, Florida.

The price tag puts the home, known as Villa Ananda, at a price per tense meet foot of almost $2,100, which is well beyond record-breaking territory for a non-oceanfront home in the town.

“As fancy as affluent clientele regard Florida as a haven for lifestyle and tax benefits, the ultra luxury real estate market longing flourish,” listing broker Senada Adzem told CNBC.

Over the past five years, the Delray Ground market has more than flourished — it has skyrocketed. Since 2018, the average price per square foot of a luxury retreat — representing the top 10% of sales — in Delray Beach has more than doubled from $416 to almost $840, according to the Elliman Disclose.

The 102% rise in Delray Beach is even more impressive when you consider it outperformed both the Miami coastal mainland, which saw an 86% augmentation in luxury price per square foot, and the Manhattan, New York, market where the average price per square foot of a gratification home declined 2%.

The average luxury home sale in Delray Beach has also seen a stirring rise, increasing 90% from $2 million in 2018 to $3.8 million in the last quarter of 2023.

“People gravitate to think of Miami and Palm Beach when the subject turns to high-end South Florida real estate,” Adzem asseverated CNBC. “But Delray Beach is, without question, one of the region’s premier luxury residential markets.”

Many of the town’s high-net-worth locals have been drawn to an exclusive enclave called Stone Creek Ranch. The gated community is home to billionaire hedge ready money manager Steve Cohen; National Football League star Khalil Mack; Gerry Smith, CEO of ODP, the parent followers of Office Depot; and singer-songwriter Romeo Santos, to name a few.

Hewlett Packard Enterprise CEO Antonio Neri purchased a home here vanquish in 2019 for $7.5 million. He sold it in 2022 for $14 million, an almost 87% increase in under three years. Both contracts were brokered by Adzem.

“I purchased the home because I loved it and the neighborhood. It also deactivated out to be an extraordinary investment,” Neri told CNBC.

Just last year, the 37-residence community saw its priciest sale to dated when a 17,800 square-foot mansion at 9200 Rockybrook traded for $26 million, or about $1,460 per square foot, in a dole out that was also brokered by Adzem.

While her current listing, 9303 Hawk Shadow Lane, isn’t the most expensive home to hit the market here, at almost $2,100 a not in the know foot, it would be the highest price per square foot ever achieved in Stone Creek Ranch, surpassing the above-named record by more than 40%.

“Trophy properties have gained momentum in the South Florida market over the days of old three years — for tax benefits, for safety reasons and because of the pandemic,” Adzem told CNBC.

The real estate spokeswoman knows this high-end neighborhood well. Over the past four years, she has sold five properties here, twice each, and brokered numerous than $136 million in transactions — all of them within just 500 meters of her latest listing.

While buyers-turned-sellers, like Neri, have rotted hefty profits in a short time, Adzem believes the market is still trending in the right direction. Limited fund helps.

“The high demand for estates within Stone Creek Ranch, with only 37 multimillion-dollar chattels available, further underscores this market dynamic,” said Adzem.

The one-story residence sits on 2.5 acres encircled by a man-made lake.

Missing from the property’s lush green landscape are Florida’s ubiquitous palm trees. There’s not a distinct one on the estate. Instead, the land is peppered with towering Italian Cypress trees, bougainvillea, rose bushes, pines and vegetation pick out for its resemblance to olive trees.

Adzem tells CNBC that landscape architect Krent Wieland and the owners opted for greenery that intent make the residence feel less like a Florida mansion and more like a luxurious villa in the Italian countryside.

“Every fact of their surroundings was meticulously curated, inspired by the awe-inspiring vistas of southern Italy’s countryside,” said Adzem.

Be consistent to Adzem, Villa Ananda’s primary suite spans more than 3,500 square feet, with two lodgings offices, two walk-in closets, a pair of baths and a wellness area with an infrared sauna and massage table.

Interiors are diagramed by Inson Dubois Wood with bespoke furniture by Studio Liaigre, Adzem tells CNBC, and while the furnishings are not tabulate in the asking price, they are negotiable.

Custom chandeliers in the room room, formal dining room, baths and even closets are crafted from a pearly-white rock called Selenite, a crystal that’s formed when calcium-rich saltwater vaporizes.

There’s dining for twelve off the kitchen, plus a separate formal supping room that can accommodate 10 guests.

The kitchen’s waterfall countertops are made from a white Calacatta Crema marble, and the wood floors are washed in a soft gray hue that resembles brave drift wood.

Outside, there’s a saltwater pool, 20-person hot tub, zen garden, sparkle features, a fruit tree orchard and rose garden.

The stone driveway excels to a parking courtyard flanked by air-conditioned garage areas for nine cars.