A Palm Beach waterfront estate, once owned by liquor mogul James V. Tigani Jr., has been sold for $50 million in a recent transaction. The property, located at 940 North Lake Way, spans 0.8 acres and features a 7,500-square-foot house. The house boasts five bedrooms, six bathrooms, two kitchens, four bars, a billiards room, a pool, and 130 feet of waterfront.

Summary of transaction details

• Property Type: Single-Family Residence
• Transaction Amount: $50,000,000
• Address: 940 North Lake Way
• Market: Palm Beach
• Size: 0.8 acres

Tech investor Harvey Jones, through Square Wave Ventures, served as the buyer in this notable transaction. The buyer was represented by Todd and Frances Peter from Sotheby's International Realty. On the other side, Mark Bennett of The Corcoran Group acted as the seller's representative. This deal highlights the involvement of key individuals and reputable realty firms in the Palm Beach real estate market.