Mansion hits market for $105 million

Another oceanfront mansion has hit the market for more than $100 million. The house at 1341 S. Ocean Blvd. is for sale for $105 million.

The property, which includes a 28,000-square-foot house on 2 acres, is owned by Edward Watkins, according to property records. He paid $17.7 million in 2001, according to property records, although listing agent John O. Pickett of Brown Harris Stevens said the full price was more than $21.5 million.

The property is not in the multiple listing service.

The house was completed in 2003 as a custom home for Watkins and his wife, Karen, property records show.

Facing about 170 feet of oceanfront, the estate is immediately south of landmarked Casa Apava estate. The house stands about a half-mile south of President Donald Trump’s Mar-a-Lago Club on the stretch of coastal road known to locals as Billionaires Row.

Watkins is the former owner of Simplex Time Recorder, a Massachusetts company started by his grandfather. Watkins, who also owns a home in Concord, Mass., expanded the company into fire alarms and security systems, and sold it for $1.2 billion to Tyco International in 2000, according to news reports at the time. In 2011, Watkins sold, for $11.05 million, a contemporary house at 1067 S. Ocean Blvd in the Estate Section to hedge-fund manager Richard Perry and his wife, Lisa.

Sellers of two other houses priced at more than $100 million have cut their prices. The Ziff estate in Manalapan originally went on the market at $195 million and now is asking $165 million.

Netscape founder Jim Clark is asking $115 million for his Palm Beach mansion, down from $137 million.