A German Prince’s Palm Beach, Florida, Retreat Sells for $30.27 Million

The 11th-generation heir of a German royal family has sold an oceanfront mansion in Palm Beach, Florida, for $30.27 million.

The 4,675-square-foot home on East Inlet Drive was built in 1960 and stands on 1.24 acres of oceanfront land, one lot away from the northern border of the Palm Beach barrier island.

It has six bedrooms, an ocean-facing veranda and pool deck and a direct path to the white-sand beachfront through lush greenery.

The property was purchased in 1987 by the late Prince Albrecht of Oettingen-Spielberg—10th in the line of a noble German dynasty that traces back to the 17th century—for $1.75 million, according to property records.

The German prince died in November, and the property was sold by his son and heir, Prince Franz-Albrecht of Oettingten-Spielberg, according to the deed recorded with Palm Beach County on Monday.

The buyer was a Florida-based LLC, managed by a law firm in East Hampton, New York, and represented by Island Realty PB.

“The new buyer is going to renovate the existing structure and breathe more life into it,” said listing agent Whitney McGurk, who represented the seller alongside Lisa Pulitzer, both of Brown Harris Stevens. “It was seldom used by the former owner.”

The aristocrat’s home was first listed for $45 million in 2024 and was reduced over the years as it cycled through different brokers and was also offered to rent. It was reduced for the final time to $32.9 million in February of this year.

Because of the property’s proximity to the Palm Beach Inlet, which divides the Palm Beach island from the barrier island to the north, it is close to great snorkelling and fishing along the jetty, as well as one of the best surf breaks in Palm Beach, according to McGurk.

“The house was always the ultimate beach house,” said McGurk. “Snorkelling, fishing, surfing, relaxing on the beach—it’s all right at your doorstep.”

The late owner’s son Prince Franz-Albrecht is the 11th-generation head of the family, as well as a hunter and conservationist married to model and socialite Baroness Cleo von Adelsheim.

His full name is Franz-Albrecht Alois Christian Ferdinand Maria Notger, Prince of Oettingen-Oettingen and Oettingen-Spielberg. He couldn’t immediately be reached for comment.

Abadeen, the Lower North Shore’s most active and prominent residential developer, together with investment partner Phoenix Property Investors, has lodged a State Significant Development Application to transform the former Honeysuckle Garden and Midas site on Military Road into 100 premium new homes.

With an estimated completed value of $230 million, the proposed development will transform the former Honeysuckle Garden and Midas site into a landmark mixed-use residential community comprising 100 premium residences, activated ground-floor retail and a resort-style rooftop wellness and recreation precinct designed to become one of the Lower North Shore’s most exceptional resident amenities.

The proposal has been carefully designed to respond to the site’s varied street frontages and surrounding neighbourhood. The building comprises predominantly five and nine storeys, steppingdown towards Hale Road to reduce its visual impact, with the tenth level rooftop
wellness facilities rather than residential apartments. This built form remains below the 12-storey outcome identified through Mosman Council’s recently endorsed Masterplan process, demonstrating a considered approach to delivering much-needed housing while respecting the site’s context and neighbouring properties.

Designed by leading Australian practice DKO Architecture, under the direction of Senior Associate Matthew Ritchard, the proposal has been conceived as a contemporary response to Mosman’s unique landscape, history and community.

Occupying a prominent position on Military Road between Cremorne and Mosman villages, the site is close to boutique retail, acclaimed dining, harbour beaches, leading schools and excellent public transport connections. Upper-level residences would enjoy panoramic views stretching north across Middle Harbour, south to the Sydney CBD skyline, east to Balmoral and Sydney Heads, and west across the Lower North Shore.

Abadeen Executive Chairman Justin Brown said the project represented an opportunity to deliver a new generation of homes for Mosman that responded to changing buyer needs while remaining respectful of the suburb’s established character.

“This is one of the most significant sites to come to market on the Lower North Shore in many years,” Brown says.

“The apartments have been designed as genuine long-term homes, with efficient floor plans that maximise usable living areas, generous internal storage, strong natural light and practical connections between internal and external spaces. A diverse range of apartment sizes and configurations provide greater housing choice for individuals, couples, families and local downsizers.

“The focus has been on creating homes that caters for a broad range of buyers, from young professionals purchasing their first home, to couples establishing themselves, growing families and local downsizers who want to remain in Mosman.”

A German Prince’s Palm Beach, Florida, Retreat Sells for $30.27 Million

The oceanfront house at the northern end of the affluent barrier island was a longtime vacation home of late Prince Albrecht of Oettingen-Spielberg.