Wednesday, March 26, 2008

UPDATE: Sidney Kimmel

In some parts of sunny Florida the real estate market is in the terlit. In fact, some developers in the less desirable zip codes are practically giving away newly built houses to anyone with twelve dollars and a pulse. However, down in posh Palm Beach there seem to be plenty of buyers at the very tippy top of the purchasing pool.

It was only late February 2008 when octogenarian apparel titan and quasi successful film producer Sidney Kimmel pushed his Thierry Despont designed ocean front pile onto the market with a breathtaking $81,500,000 asking price and already the house is rumored and reported to be under contract for a number above $75,000,000.

All the hoity toity and high class real estate agents involved in the spine tingling deal are mum on who the big bucks buyer is, but listing agent Paulette Koch is on record with the Palm Beach Daily News as saying that there were at least 20 qualified parties who eyeballed the 32,316 square foot limestone clad colossus. Now here's where Your Mama recommends the children hold on to their britches because according to Miz Koch numerous offers were presented in the last few weeks. Numerous! For an $81,500,000 damn house!

Miz Koch, well known around Palm Beach as one of the finest and most successful real estate agents plying her trade up and down Ocean Boulevard, says that other interested parties included celebs, hedge hogs, stinking rich sports figures, a Saudi prince (who you know has more than enough money to buy this place and then brazenly knock it down), as well as Fortune 500 CEOs, Europeans with favorable exchange rates "and other captains of industry." Naturally, the dignified Miz Koch didn't call anyone a hedge hog or stinking rich. But Your Mama did. Yes we did.

Anyhoo, it's only a matter of time before the name of the buyer is leaked and all the real estate gossips go berserk trying to be the first one to report and confirm the name. In the meantime let's take out our bedazzled abacus and spend a few minutes quietly figuring out the mind numbing yearly taxes.

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