One Man’s Generous Donation Has A Hefty Price Tag…
Casa Sin Nombre, the famed Palm Beach estate that Metromedia founder John Kluge willed to Columbia University upon his death last year, has hit the market for $59 million, according to the Wall Street Journal. Kluge, a Columbia alum and once the
Forbes-ranked wealthiest individual in the world,
acquired the four-acre, oceanfront compound over the course of three decades, ultimately compiling five lots with upwards of 21,000 square feet of living space, including a 12,000-square-foot main garden house, a 6,000-square-foot oceanfront home designed by architect Addison Mizner, and three other staff and guest homes. Kluge’s donation of the property was earmarked for student scholarships and was, according to the Chronicle of Higher Education, the largest ever of its kind in the U.S.