Billionaire Greg Mondre Finds Buyer for $40 Million Teardown: Billionaire Greg Mondre Finds Buyer for $40 Million

Billionaire Greg Mondre has found a buyer for his million oceanfront teardown in Palm Beach, according to recent reports.

Billionaire Greg Mondre Finds Buyer for $40 Million Teardown helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.

Luxury deals slowed during the holiday week, after an early November surge, but a private equity billionaire still managed to find a buyer for his oceanfront Palm Beach home.  

Buyers signed 15 contracts between Nov. 24 and Nov. 30 for luxury properties in Palm Beach County, according to Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $114.6 million in asking dollar volume and averaged 165 days on the market.

The previous week, buyers signed 30 contracts totaling $271.1 million in asking dollar volume. 

The report tracks signed contracts for single-family homes and condos asking $3 million or more in the Beaches MLS. It identified 43 new listings, and 1,196 active listings on the market.

Of the properties that went pending last week, 11 were single-family homes, and four were condos. The average asking price for the condos is $4.7 million, or $1,395 per square foot. They spent an average of 256 days on the market.

The average asking price for the single-family homes is $8.7 million, and they spent an average of 74 days on the market.

The most-expensive listing to find a buyer last week was the oceanfront home at 1160 North Ocean Boulevard in Palm Beach, asking $39.5 million, or $6,475 per square foot. 

Greg Mondre, the billionaire co-CEO of Menlo Park, California-based private equity firm Silver Lake, was revealed as the owner of the home in October when he bought a different oceanfront lot on the island for $58 million. He also owns a home in the North Palm Beach’s gated Lost Tree Village community. 

Mondre bought the North Ocean Boulevard home from Palm Beach’s Maddock family for $31 million in March. Considered a teardown, the home was built in 1991 on 0.8 acres, and spans 6,100 square feet, seven bedrooms, seven bathrooms and a pool, records show. It also has a private beach parcel with 152 feet of oceanfrontage, the listing shows. 

He listed the home for $39.5 million in September, Zillow shows. Gary Pohrer with Serhant and Marley Overman with Illustrated Properties have the listing.

The next-priciest home to go pending was the waterfront home at 368 South Maya Palm Drive in Boca Raton, asking $10.3 million, or $4,478 per square foot. 

The home is in the gated Royal Palm Yacht & Country Club, the city’s most-expensive neighborhood and where football star Travis Kelce rented a home this summer. 

Records show the seller is the estate of Arthur and Doris White, who bought the 2,300-square-foot home for $200,000 in 1983. Arthur White died in 2008, and Doris White died in September, according to their obituaries. Built on 0.3 acres in 1961, the home has three bedrooms and three bathrooms.

It hit the market asking $10.3 million on Nov. 19, Zillow shows. David Roberts with Royal Palm Properties has the listing.

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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAzNDUx”,”databaseId”:1003451,”title”:”Billionaire Greg Mondre finds buyer for Palm Beach teardown asking $40M”,”status”:”publish”,”slug”:”billionaire-greg-mondre-finds-buyer-for-40-million-teardown”,”uri”:”/miami/2025/12/02/billionaire-greg-mondre-finds-buyer-for-40-million-teardown/”,”link”:”https://therealdeal.com/miami/2025/12/02/billionaire-greg-mondre-finds-buyer-for-40-million-teardown/”,”dateGmt”:”2025-12-02T20:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eLuxury deals slowed during the holiday week, after an early November surge, but a private equity billionaire still managed to find a buyer for his oceanfront Palm Beach home.u0026nbsp;u0026nbsp;u003c/pu003enu003cpu003eBuyers signed 15 contracts between Nov. 24 and Nov. 30 for luxury properties in Palm Beach County, according to u003ca href=”/national/2025/09/24/douglas-elliman-faces-insider-trading-probe/”u003eDouglas Elliman’su003c/au003e u003ca href=”/new-york/2022/12/21/eklund-gomes-signs-5-year-deal-with-elliman/”u003eEklund-Gomesu003c/au003e team. The homes that went pending last week total $114.6 million in asking dollar volume and averaged 165 days on the market.u003c/pu003enu003cpu003eu003ca href=”/miami/2025/11/25/manalapan-mansion-asking-85m-tops-luxe-contracts/”u003eThe previous weeku003c/au003e, buyers signed 30 contracts totaling $271.1 million in asking dollar volume.u0026nbsp;u003c/pu003enu003cpu003eThe report tracks signed contracts for single-family homes and condos asking $3 million or more in the Beaches MLS. It identified 43 new listings, and 1,196 active listings on the market.u003c/pu003enu003cpu003eOf the properties that went pending last week, 11 were single-family homes, and four were condos. The average asking price for the condos is $4.7 million, or $1,395 per square foot. They spent an average of 256 days on the market.u003c/pu003enu003cpu003eThe average asking price for the single-family homes is $8.7 million, and they spent an average of 74 days on the market.u003c/pu003enu003cpu003eThe most-expensive listing to find a buyer last week was the oceanfront home at 1160 North Ocean Boulevard in Palm Beach, asking $39.5 million, or $6,475 per square foot.u0026nbsp;u003c/pu003enu003cpu003eGreg Mondre, the billionaire co-CEO of Menlo Park, California-based private equity firm Silver Lake, was revealed as the owner of the home in October when he bought a different oceanfront lot on the island for u003ca href=”/miami/2025/10/17/billionaire-greg-mondre-drops-58-million-on-palm-beach-lot/”u003e$58 millionu003c/au003e. He also owns a home in the North Palm Beach’s gated Lost Tree Village community.u0026nbsp;u003c/pu003enu003cpu003eMondre bought the North Ocean Boulevard home from Palm Beach’s Maddock family for u003ca href=”/miami/2025/03/26/maddock-family-sells-palm-beach-teardown-for-31m/”u003e$31 millionu003c/au003e in March. Considered a teardown, the home was built in 1991 on 0.8 acres, and spans 6,100 square feet, seven bedrooms, seven bathrooms and a pool, records show. It also has a private beach parcel with 152 feet of oceanfrontage, the listing shows.u0026nbsp;u003c/pu003enu003cpu003eHe listed the home for $39.5 million in September, Zillow shows. Gary Pohrer with Serhant and Marley Overman with Illustrated Properties have the listing.u003c/pu003enu003cpu003eThe next-priciest home to go pending was the waterfront home at 368 South Maya Palm Drive in Boca Raton, asking $10.3 million, or $4,478 per square foot.u0026nbsp;u003c/pu003enu003cpu003eThe home is in the gated u003ca href=”/miami/2024/07/25/inside-boca-ratons-most-expensive-residential-neighborhood/”u003eRoyal Palm Yacht u0026amp; Country Clubu003c/au003e, the city’s most-expensive neighborhood and where football star u003ca href=”/miami/2025/05/21/travis-kelce-rents-house-in-royal-palm-yacht-country-club/”u003eTravis Kelceu003c/au003e rented a home this summer.u0026nbsp;u003c/pu003enu003cpu003eRecords show the seller is the estate of Arthur and Doris White, who bought the 2,300-square-foot home for $200,000 in 1983. Arthur White died in 2008, and Doris White died in September, according to their obituaries. Built on 0.3 acres in 1961, the home has three bedrooms and three bathrooms.u003c/pu003enu003cpu003eIt hit the market asking $10.3 million on Nov. 19, Zillow shows. David Roberts with Royal Palm Properties has the listing.u003c/pu003enu003csection class=”ReadMoreSection_root”u003entu003ch4 class=”ReadMoreSection_title”u003eRead moreu003c/h4u003enttttttttu003ca class=”BlogrollPost” href=”/miami/2025/12/01/stone-creek-ranch-mansion-sells-for-31-million-after-price-cuts/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/12/DCD-Automotive-Chairman-Sells-Stone-Creek-Ranch-Home-for-31M–200×133.jpg” class=”FeaturedImage_image wp-post-image” alt=”Dan Dagesse and 16101 Quiet Vista Circle” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttResidentialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eStone Creek Ranch mansion sells for $31M after price cutsu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/12/01/south-beach-penthouse-leads-slow-week-of-miami-contracts/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-South-Beach-penthouse-tops-slow-holiday-week-of-pending-sales-MAIN-200×133.jpg” class=”FeaturedImage_image wp-post-image” alt=”7305 Belle Meade Island Drive with Compassu0026#039; Geva Bar; 400 Alton Road PHA with ne Sotheby’s International Realtyu0026#039;s Jeff Miller” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttResidentialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eSouth Beach penthouse tops slow holiday week of pending salesu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/11/26/inside-rockstar-energy-billionaires-florida-home-portfolio/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/Russell-Weiner-Feature-roundup.gif” class=”FeaturedImage_image wp-post-image” alt=”Russell Savage and his Florida home portfolio” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttResidentialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eRockstar Energy billionaire sets his sights on South Floridau003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttu003c/sectionu003enntt”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Luxe contracts dipped during holiday week, with 15 deals totaling $115M in Palm Beach County”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-12-02T20:38:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003culu003ernu003cli aria-level=”1″u003eu003cbu003eLuxury contracts in Palm Beach County slowed during the holiday week (Nov. 24-Nov. 30) after an earlier surge in November.u003c/bu003eu003c/liu003ernu003c/ulu003ernu003culu003ernu003cli aria-level=”1″u003eu003cbu003eBuyers signed 15 contracts totaling $114.6 million in asking dollar volume for properties asking $3 million or more. This is down from 30 contracts totaling $271.1 million the previous week.u003c/bu003eu003c/liu003ernu003c/ulu003ernu003culu003ernu003cli aria-level=”1″u003eu003cbu003eThe priciest home to find a buyer was the oceanfront property at 1160 North Ocean Boulevard in Palm Beach, asking $39.5 million.u003c/bu003eu003c/liu003ernu003c/ulu003ernu003culu003ernu003cli aria-level=”1″u003eu003cbu003eThe seller of the $39.5 million home is Greg Mondre, co-CEO of Silver Lake, who bought the home for $31 million in March. It is a 6,100-square-foot home on 0.8 acres.u003c/bu003eu003c/liu003ernu003c/ulu003ernu003cpu003eu0026nbsp;u003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/O9Nli4ZXTOTZO4QMhpUP/O9Nli4ZXTOTZO4QMhpUP.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–1400×933.jpg 1400w, /wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–300×200.jpg 300w, /wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–700×467.jpg 700w, /wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–200×133.jpg 200w, /wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–768×512.jpg 768w, /wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–1024×683.jpg 1024w, /wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–50×33.jpg 50w, /wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House-.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:null,”altText”:”Silver Lake’s Greg Mondre and 1160 North Ocean Boulevard”,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”Silver Lake’s Greg Mondre and 1160 North Ocean Boulevard (Silver Lake, Google Maps)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House–50×33.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House-.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:null,”altText”:”Silver Lake’s Greg Mondre and 1160 North Ocean Boulevard”,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”933″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”Billionaire Greg Mondre Finds Buyer for $40 Million Teardown”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”Luxury deals slowed during the holiday week, but a private equity billionaire still managed to find a buyer for his Palm Beach home.” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/12/02/billionaire-greg-mondre-finds-buyer-for-40-million-teardown/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”Billionaire Greg Mondre finds buyer for Palm Beach teardown asking $40M” /u003enu003cmeta property=”og:description” content=”Luxury deals slowed during the holiday week, but a private equity billionaire still managed to find a buyer for his Palm Beach home.” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/12/02/billionaire-greg-mondre-finds-buyer-for-40-million-teardown/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-12-02T20:30:00+00:00″ /u003enu003cmeta property=”article:modified_time” content=”2025-12-02T20:33:57+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/12/PE-Billionaire-Greg-Mondre-Finds-Buyer-for-40M-Palm-Beach-House-.jpg” /u003entu003cmeta property=”og:image:width” content=”1500″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Kate Hinsche” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”Luxury deals slowed during the holiday week, after an early November surge, but a private equity billionaire still managed to find a buyer for his oceanfront Palm Beach home.u0026nbsp;u0026nbsp; Buyers signed 15 contracts between Nov. 24 and Nov. 30 for luxury properties in Palm Beach County, according to Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $114.6 million in asking dollar volume and averaged 165 days on the market. The previous week, buyers signed 30 contracts totaling $271.1 million in asking dollar volume.u0026nbsp; The report tracks signed contracts for single-family homes and condos asking $3 million [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Ilya Hourie” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”3 minutes” /u003enu003cscript type=”application/ld+json” 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Greg Mondre, the billionaire co-CEO of Menlo Park, California-based private equity firm Silver Lake, was revealed as the owner of the home in October when he bought a different oceanfront lot on the island for $58 million.

FAQ: Billionaire Greg Mondre Finds Buyer for $40 Million Teardown

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