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.
Residential
By: jdubble07
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And I must mention the property is over an acre. Tax rolls STILL have the "old" 1989 house on file, and never came out to the property after the new C.O. was issued in 2004 to change the records.
The county records are rarely wrong on year built. If they're still showing 1989 as the year built, that means that the home was a major remodel, meaning a number of original load bearing walls were kept which is usually done for tax purposes.