Live Next to Venus Williams in South Florida for $30 Million

A beachfront home on Jupiter Island, Florida, that’s right next door to the home of tennis great Venus Williams has hit the market for $29.95 million.

Built in 1960, the house—which is about 20 miles north of Palm Beach—sits on more than 2.5 acres that’s heavily landscaped for privacy and has about 212 feet of beachfront.

“It’s nearly 3 acres on the ocean, which is very, very difficult to get,” said listing agent Shawn Elliott of Nest Seekers International, who brought the property to the market on Monday. He shares the listing with Stephanie Schwed.

Williams isn’t the only sports phenom in the neighbourhood—down the street, on the Intracoastal side, is Tiger Woods’s sprawling estate that features a golf practice area with three greens and has an estimated market value of more than $60 million, according to PropertyShark.

The seller of the newly listed home bought the property in early 2022 for $16.5 million using a limited liability company, records show. Mansion Global couldn’t identify the seller.

The yellow-painted, Bermuda-style home was designed by architect John Volk, who worked in and around Palm Beach from the 1920s until his death in 1984.

Across its more than 6,300 square feet, the property has six bedrooms and six and a half bathrooms, including an upstairs primary suite with front-to-back views and a ground-floor primary suite, which also has ocean views, Elliott said.

The home surrounds a courtyard pool, which is heated, and there’s a two-bedroom guest house that doubles as a pool house. The property also has a separate apartment for more guest or staff accommodations.

The seller installed new storm shutters, and there are also hurricane windows and a generator that serves the entire house.

From the backyard, the beach is accessible down a private path.

“The beach is beautiful—it’s white sand,” Elliott said. “You’re right on the ocean, it’s pretty special.”

The Reserve Bank had little choice but to raise interest rates again this week.

Inflation was already proving stubborn before the latest Middle East instability added further pressure to energy prices and supply chains.

Housing inflation alone has averaged six per cent over the past year, remaining one of the single biggest contributors to CPI.

But while the focus remains on rates, the deeper problem is structural and far more dangerous.

Australia is not building enough homes, and the conditions required to fix that are deteriorating simultaneously.

Construction costs remain elevated. Builders are increasingly unwilling to absorb contract risk. Labour shortages persist.

Capital is becoming more expensive. And as borrowing capacity weakens and sentiment softens, fewer projects are becoming financially viable.

The result is a self-reinforcing cycle.

The RBA raises rates to fight inflation. Higher rates reduce development feasibility. Fewer projects start. Housing supply tightens further. Rents rise. Inflation persists. The RBA raises rates again.

The only long-term solution is supply, yet Australia remains nowhere near the National Housing Accord target of 240,000 new dwellings a year.

Completion continues to lag approvals, meaning many projects approved on paper are simply never making it out of the ground.

That gap matters enormously because housing is not just another sector of the economy.

Around two-thirds of Australian household wealth is tied to property, while the sector underpins millions of jobs and related industries. Weakness here quickly spreads beyond real estate.

We are already seeing signs of stress. Auction clearance rates in Sydney and Melbourne have softened, borrowing capacity has declined, and parts of the market are experiencing price corrections as confidence weakens.

At the same time, policymakers continue to debate tax measures such as changes to negative gearing and capital gains tax discounts, despite fears that such reforms could drive private capital out of the rental market at precisely the moment when supply is most constrained.

This is the paradox at the centre of Australia’s housing crisis.

Demand for property remains extraordinarily high, yet the economic conditions required to actually build new housing are worsening.

The Reserve Bank cannot solve that problem alone.

Monetary policy cannot accelerate planning approvals, reduce construction costs or create more tradies. It can only raise the cost of money until something eventually breaks.

And increasingly, that “something” looks like the development pipeline itself.

Paul Miron is the Co-Founder & Fund Manager of Msquared Capital.

Live Next to Venus Williams in South Florida for $30 Million

The beachfront home that neighbours the tennis star’s is also down the street from Tiger Woods’s sprawling estate

Rising rates, construction inflation and shrinking investor confidence are pushing Australia deeper into a dangerous housing spiral that monetary policy alone cannot fix.