An oceanfront estate owned for years by a German prince on East Inlet Drive in the far North End of Palm Beach has sold for about $30.27 million.
The property was sold by the estate of the late Albrecht zu Oettingen-Spielberg, who died Nov. 15 at 74. He was the head of the Princely House of Oettingen-Spielberg, a noble family that lost its sovereignty in 1806 but has maintained its aristocratic titles.
The Palm Beach estate hadn’t changed hands since 1987, when the prince paid $1.7 million for it.
The buyer is a Florida-limited liability company named after the property’s address, according to the deed recorded July 13. The document says the buyer’s mailing address is in care of Ackerman, Pachman, Goldstein & Margolin, a real estate law firm in East Hampton, New York. Attorney Leonard Ackerman, a managing partner of that firm, manages the entity that just bought the property. He could not immediately be reached for comment.
The two-story, Colonial-style house house was marketed as either ripe for renovation or as a tear-down that could be replaced by a new residence.
Built in 1960, the six-bedroom Bermuda-style house stands on a 1.24-acre lot with 100 feet of beachfront — the second property south of the inlet. The house faces a strip of federally protected dune area that effectively extends the depth of the property beyond the perimeter line.
With five beachfront houses, East Inlet Drive is a short street that makes a loop east of North Ocean Boulevard.
Agents Liza Pulitzer and Whitney McGurk of Brown Harris Stevens held the listing for the house, which has 5,930 square feet of living space, inside and out.
The property had been on the market since at least 2021, although Pulitzer and McGurk had only held the listing since June 2025, the multiple listing service shows. They had the estate priced at $32.9 million when the sale closed May 29, according to the MLS. McGurk declined to comment about the transaction.
Island Realty PB represented the buyer, the MLS shows.
Pulitzer and McGurk’s sales listing described the house as “the ultimate Palm Beach beach cabana” and noted that the property was the only direct-oceanfront parcel in town priced at less than $35 million.
The estate “delivers sweeping, unobstructed ocean views and an unparalleled sense of privacy,” the sales listing said. The listing also said the house’s stands “in front of one of Florida’s top surf destinations” and overlooks “some of Palm Beach’s best surf breaks, with exceptional snorkeling just steps away near the jetty.”
On the ocean side of the house house, a covered loggia and dining patio look out to the swimming pool. A second-floor terrace is accessed from some of the bedrooms.
The house had been offered for rent over the years, the MLS shows.
Among the interior features are a formal dining room, a wet bar and floors covered in marble and wood, the sales listing said.
Prince Albrecht was the 11th prince of Oettingen-Oettingen and Oettingen-Spielberg and inherited his father’s title in 1975, according to his obituaries. He married Angela Jank in 1980, and the couple had four children. His eldest son, Prince Franz-Albrecht, who was born in 1982, is the 12th prince.
Franz-Albrecht signed the deed as personal representative of his father’s estate.
The estate’s mailing address on the deed is listed in care of attorney Louis L. Hamby III of Alley, Maass, Rogers & Lindsay in Palm Beach.
(This story was updated to add new information.)
This is a developing story. Check back for any updates.
Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today.
This article originally appeared on Palm Beach Post: Beach house owned by late German prince brings $31.78M in Palm Beach
Reporting by Darrell Hofheinz, Palm Beach Post / Palm Beach Post
USA TODAY Network via Reuters Connect
By Darrell Hofheinz, Palm Beach Post | USA TODAY Network
