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Billionaire Don Hankey has put his luxurious mansion in Florida on the market for close to $44 million, which is the highest price tag in the affluent town of Highland Beach.
The oceanfront estate, built in 2017, spans 11,000 square feet and sits on 120 feet of beachfront.
Hankey purchased the modern property in 2021 for $29.5 million, according to PropertyShark.
It includes a double-decker patio with an infinity pool looking out to the ocean that Hankey installed at a cost of $250,000.
Nicknamed ‘the king of the subprime car loan,’ Hankey made his fortune through the Hankey Group, which profits largely from auto loans.
He made headlines last year after putting up a $175 million appeal bond for Donald Trump in his New York civil fraud case.
Hankey has had legal troubles of his own when the Department of Justice accused his company twice of violating a law that safeguards military personnel from losing their homes to foreclosure or repossession.
The company settled both cases in 2017 and 2022 respectively.
The double-decker patio with an infinity pool was installed by Hankey at a cost of $250,000
Its modernist interior features include lava stone floors and walls, a living green wall and a floating stone fireplace.
The property’s listing agent, Samantha Curry from the real estate company Douglas Elliman, expressed that upon entering the mansion, one is immediately greeted with breathtaking ocean views. Every detail of the house is carefully designed to foster a seamless connection with the outdoors while ensuring total privacy, as stated in an article from Mansion Global.
The home comprises seven bedrooms, seven full and two half bathrooms as well as a private gym, a wet bar, a terrace with a hot tub and a glass-enclosed office.
Additional luxury features include a separate kitchen designed purely for catering, a home theater, a garage that fits six cars and an elevator for easy access to all four floors of the property.
‘Homes of this caliber and scale rarely become available in the Highland Beach market,’ Curry said.
The small coastal town of Highland Beach, just miles east of Boca Rotan had a median sale price of $1.2 million in February, according to Redfin data.
There are currently a handful of other eight-figure Highland Beach properties on the market, including a $39.9 million mansion still under construction.
The highest end of the Florida property market could not be more different from the rest of the state.
Billionaire Don Hankey offered Trump a a $175 million appeal bond last year
The property, built in 2017, takes in 120 feet of ocean frontage
The home comprises seven bedrooms, seven full and two half bathrooms
Modernist interior features include lava stone floors and a floating stone fireplace
The small coastal town of Highland Beach is just miles east of Boca Rotan
The luxury property includes a garage that fits six cars
The property’s listing agent Samantha Curry described the property as ‘rare’ for the area
Condo owners are facing rising HOA fees and insurance premiums forcing a wave of distressed sales.
However, rising natural disasters and increased costs are putting off sellers.
This perfect storm is forcing prices down, with some homeowners having to slash as much as 40 percent off their asking prices.
According to a recent study three metro areas in Florida are set to face a price crash in 2025.
Tampa, Winter Haven and Palm Beach were all listed as at risk of falling prices.
