A new record has been set in one South Florida luxury real estate market. According to a recent article from The Real Deal, John Malone, billionaire chairman of Liberty Media, purchased a Jupiter Island estate for $38 million, a new high. The home, which sits on a natural elevation of 40 feet, the highest point on Jupiter Island, features 506 feet of frontage along the ocean and 513 feet along the Intracoastal Waterway. The living room is glass-encased and was built on a turntable, allowing it to rotate 360 degrees with a simple touch of a button. In addition to the contemporary main house, there is also a guest house, putting green, a par-three golf hole, a private boat dock and a 3,144-square-foot beach house. Engel & Völkers, the Jupiter brokerage who handled the privately marketed sale, said that the previous owner was Horst Brandstätter, the sole owner of Germany’s largest toy manufacturer.

Located 20 miles north of Palm Beach, Jupiter Island is a barrier island, ideally situated between the Atlantic Ocean and the picturesque Intracoastal waterway. With unspoiled natural beauty and famous beaches, the island has been dubbed the most affluent community in the United States. The area is easily accessible by I-95 and the Palm Beach International Airport, just 30 minutes away. The Fort Lauderdale and Miami International airports are also within 1 or 2 hours.  The island itself offers privacy and tranquility, but is conveniently located just minutes from world-class dining and shopping, championship golf courses, and entertainment and recreation galore. Privacy, tranquility, natural beauty and five-star amenities have drawn attention from some of the world’s wealthiest people, making Jupiter Island one of the most desirable communities in the world.