Friday, February 23, 2018
Business

Palm Beach speedboat aficionado sets Island Estates record with Clearwater mansion buy

CLEARWATER — A Palm Beach speedboat aficionado who spent $3.1 million last week on a glitzy waterfront mansion holds the record for the priciest home ever sold in this city's coastal enclave of Island Estates, sales records show.

The 6,500-square-foot mansion boasts a thousand-bottle wine cellar, a two-tier spa and docks just east of Clearwater Beach, Coldwell Banker agents said.

John Ben Ali Haggin, Jr., the buyer, founded a championship powerboat racing team, Miss GEICO, that once raced near there, offshore.

The Haggin family has roots in mining and horse racing; a family horse, Ben Ali, won the Kentucky Derby in 1886. Last year, Haggin sold his family's longtime home on Palm Beach's Everglades Island for $13.5 million.

The Island Estates mansion's previous owners, David and Lori Nader, bought the lot in 2004 for $1 million and built the custom-designed home fringed with palms two years later.

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