$159M mansion up for sale in Hillsboro Beach

HILLSBORO BEACH -- It's your chance to live like the last days of the Ancien Régime.

A massive waterfront mansion in Hillsboro Beach modeled after the French royal palace Versailles is on the market -- for $159 million. That's about 10 times the average home price in Miami-Dade and Broward counties.

Six waterfalls adorn the grounds.

Balconies, fountains, gates and doors are coated in $3 million worth of 22-carat gold leaf.

A wine cellar has room for 3,000 bottles.

The asking price is $20 million higher than the last time the 60,000-square-foot home was offered for sale in 2014. The 11-bedroom mansion, which is still under construction but nearly complete, didn't sell back then.

The owner, construction magnate Robert Pereira, is

now building two guesthouses, a new pool and an "underground entertainment complex" with an ice-skating rink, go-cart track, bowling alley and night club.

Pereira purchased a neighboring lot for the expansion. The combined property has about 4.4 acres.

Other features include a beach accessible to the public only by boat, a 30-car garage, an IMAX theater, and his-and-her yacht docks with room for 200- and 140-foot boats. Mayi de la Vega of One Sotheby's International Realty is the listing agent.

The home, at 935 Hillsboro Mile, is called Le Palais Royal. It's one of the most expensive homes for sale in the United States. The next priciest listing in South Florida is a Coral Gables mansion asking $67 million. The most expensive Miami home sale is a $60 million Miami Beach penthouse that closed in September.

Le Palais Royal is a different mansion from the opulent French-inspired home outside Orlando featured in the popular 2012 documentary "The Queen of Versailles."

This story was originally published November 12, 2015 at 12:00 AM with the headline "$159M mansion up for sale in Hillsboro Beach ."