William L. Knight's House (Former)
By jdubble07 @ 2009-01-16 08:37:47
William L. Knight is a South Florida business owner and property developer. Knight built this home on spec and placed it on the market for $19m. However, the nearly 11,000 sq/ft 3/4 acre oceanfront estate failed to sell and went into foreclosure. The private lender of the home, New York real estate investor Norman Rappaport, bought out Knight's ownership of the home for $2.15m and then placed it back on the market for $16.5m.