Shock Jock Howard Stern to Buy Palm Beach Mansion!

Howard Stern's Palm Beach house

Shock jock Howard Stern has a contract to buy this house on North County Road in Palm Beach (Special to Gossip Extra)

flag-exclusivePalm Beach, say hello to your new neighbor — shock jock Howard Stern!

While Stern told brokers he didn’t want to buy in Palm Beach when he and wife Beth Ostrosky started looking for South Florida real estate in March, sources tell me the hairy celebrity had a change of heart.

Real estate sources tell me Stern reportedly found his dream house on the most expensive stretch of the Town of Palm Beach‘s north side.

Only, it’s going to cost him a lot more than the $20 million-cribs he looked at in Jupiter and Palm Beach Gardens!

Stern, I’m told, has a purchase contract believed to be $52 million on 601 North County Road — an oceanfront house that was not listed for sale.

UPDATE: Deed to Howard Stern’s new house signed!

It is owned by New Hampshire textile mogul Martin Trust and his socialite wife Diane.

Click for photos of dozens of houses owned by South Florida celebrities

The Palm Beach County Property Appraiser’s office places the value of the mansion at $40.8 million, and the yearly property-tax bill is in the $500,000-range.

Howard Stern

Sirius radio and America’s Got Talent star Howard Stern (Splash News)

The Trusts, noted philanthropists, bought the place in 1986 for $4.6 million, according to property records.

Martin Trust did not reply to a request for comment left with his assistant, and Stern’s agent has not returned calls.

Martin Trust

Current owner Martin Trust (MIT Photo)

Stern, who’s also a judge on NBC’s America’s Got Talent, signed off on the contract to buy after former model Ostrosky came to Palm Beach solo and under the radar to look at several mansions.

She fell in love with the Trusts’ place.

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It’s big, 19,800 square feet under AC. And while records do not show the number of bedrooms, it’s got 12 and a half bathrooms over two floors.

And the 59-year-old Stern won’t even have to walk up the stairs: The home is equipped with an elevator.

And a perfectly manicured croquet lawn!

The house, meanwhile, is on a part of North County Road that’s turning out to be one of the most expensive in the world, one known as “Raiders’ Row” for the high number of corporate tycoons living there.

Stern’s new place is just south of fellow radio titan Rush Limbaugh‘s $40 million-compound, and two doors north from the property that Russian fertilizer king Dmitry Rybolovlev bought from Donald Trump for $95 million in 2008.

It’s directly north of billionaire Nelson Peltz‘ house, which is believed to be worth in the $120 million-range.

Ironically, Peltz created controversy in the mid-90s by advertising his Snapple fruit drinks on Stern’s show while conventional wisdom claimed that Stern’s show was too hot for mainstream advertisers.

It turned out pretty well for both of them: Now, Stern is believed to be worth $500 million!

In April, Stern confirmed on his show Gossip Extra‘s scoop that he was looking for a place in Florida but denied it was to escape New York’s high income taxes.

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Comments

  1. says

    Smart move for Stern, plus everyone from back east in the tri state area always retires to AZ or FL. The more interesting part is the person that owns the house he is buying made all that money in textiles. Just proves niches get riches.

  2. john davidson says

    WHILE DRIVING PAST PALM BEACH INTERNATIONAL AIRPORT THIS LATE A/M TODAY…1/17/2014 I SAW THE DONALDS RECENTLY BOUGHT BOEING 757 JET SITTING OFF TO THE SIDE WITH THE REAR STAIRCASE DOWN….THE DONALD MUST BE IN TOWN….ALSO BILLIE JOEL WAS SEEN IN LAKE WORTH PLAYING THE PIANO IN A NIGHT CLUB LAST NIGHT…HUMMMMM….I HAVE TO LEAVE TO GO BACK TO LONG ISLAND SUNDAY….TOO BAD I DIDNT HAVE MORE TIME TO TRY TO FIND OUT WHERE THESE GUYS MAY BE HANGING OUT ESPECIALLY BILLIE…WOULD LOVE TIO HANG OUT WITH HIM FOR AN EVENING….ANYWAY I BELIEVE HE OWES ME A DRINK AS I HAD MY TECH JUMP START HER MUSTANG IN THE DRIVEWAY OF MITCHELL OLDSMOBILE/DODGE HUNTINGTON STATION AND BEVERLY ROAD, I TOLD HER(AMANDA) WE WERE A DODGE/OLDS DEALER NOTHING TO DO WITH FORD BUT AFTER SHE PULLED OUT THE PICS OF CHRISTY BRINKLEY, BILLIE AND THE THEN NEW BABY, ASURRING ME SHE WAS BILLIES MOM….WELL WHO COULD SAY NO….LOL SO IF YA READ THIS BILLIE HIT ME UP AND TELL ME WHERE YOUR GONNA BE IN LAKE WORTH AREA BETWEEN TONITE AND TOMORROW SO WE CAN HANG OUT….LOL…JOHN D.