An ocean-to-lake estate linked on the seller’s side to billionaire Randal J. Kirk has sold for a $62.5 million in Manalapan near Palm Beach. The price was reported May 5 in the multiple listing service.
The estate at 820 S. Ocean Blvd. was sold at a steep discount from its original asking price. It had entered the market last fall priced at $134 million, with subsequent reductions to $90 million and $75 million, the multiple listing service shows.
With 215 feet of beach and lake frontage, the Venetian-style compound was completed in 2007, according to property records. The lot measures 2.26 acres and rises about 20 feet above sea level.
No deed had been recorded as of May 5, so the buyer had not been identified in public records. It was also unclear if the sale price reported in the MLS would match the one expected to be recorded at the Palm Beach County Courthouse.
The property changed hands for $25.5 million in 2011, courthouse records show, when it was purchased by a limited liability company linked to Kirk. In 2020, the estate underwent two internal deed transactions, which transferred ownership to the 820 South Ocean Trust, for which attorney Cesar L. Alvarez served as trustee. Based in Miami, Alvarez is senior chairman with the GreenbergTraurig law firm.
Property records show that Kirk made an internal transfer of ownership about six years ago to the 820 South Ocean Trust.
Kirk founded and is executive chairman of Third Security LLC, a venture-capital and private-equity firm with offices in Radford, Virginia, and Delray Beach. He was previously CEO of the biotech firm Precigen but is today its executive chairman. His net worth is estimated at $2.1 billion by Forbes.com.
The bulk of the estate that just changed hands is on the ocean side, with a narrower strip fronting the Intracoastal Waterway on the opposite side of the coastal road.
In all, the house and guesthouse have 27,959 square feet of living space, inside and out, according to the new sales listing. There’s also a “dedicated security house,” the listing says.
The property has nine bedrooms, 16 bathrooms and three half-baths. The air-conditioned space measures 22,255 square feet, including the six-car garage.
The exterior amenities include two swimming pools, a resurfaced tennis court, a dock and an extensive covered loggia.
Agent Gary Pohrer of Serhant represented the buyer or buyers, who paid about 53% less than the original asking price of $134 million, according to courthouse records. Pohrer had no comment on the sale and would not identify anyone connected with the buyer’s side of the deal.
Agent Margit Brandt of Premier Estate Properties held the listing. She declined to comment.
“Every inch of this property has been curated for refined living on a world-class scale,” said Brandt’s sales listing, which went active in the multiple listing service on Sept. 15, 2025 with the $134 million price.
The price was lowed from $90 million in January to $75 million in February, the MLS shows.
The listing described the estate as “a trophy residence destined to host and entertain the world’s most discerning buyers.”
The limited liability company affiliated with Kirk bought the house in October 2011 from car-dealership tycoon and billionaire Terry R. Taylor and his wife, Cynthia, who have a home in Palm Beach.
In 2020, Kirk was appointed executive chairman of the biotechnology firm Precigen, formerly Intrexon. He previously held the title of CEO at that company before stepping down from that position the same year, according to published reports.
(This story was updated to add new information.)
This is a developing story. Check back for updates.
Portions of this story appeared previously in the Palm Beach Daily News. 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 “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. Subscribe today to support our journalism.
This article originally appeared on Palm Beach Daily News: Kirk estate near Palm Beach brings $62.5M after once asking $134M
Reporting by Darrell Hofheinz, Palm Beach Daily News / Palm Beach Daily News
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