Netscape co-founder Jim Clark bought a Palm Beach waterfront compound for $100 million in an off-market deal.
Clark and his wife, Kristy Hinze Clark, bought the property from car dealership mogul David Fischer and his wife, Jennifer, Wall Street Journal reported. Clark sold his 15-acre compound in Manalapan to Larry Ellison in a $173 million deal in 2022.
The latest deal works out to $8,000 per square foot between the main and guest houses.
The Fischers paid $5.3 million for the half-acre main property in 2000. They bought an adjacent 0.32-acre property for $6.8 million in 2021, putting the assemblage at about $12.1 million.
The main house, built in 1998, measures 8,500 square feet, with five bedrooms and seven bathrooms, according to property records. The second house has four bedrooms, three bathrooms and a half-bath across 4,000 square feet, built in 2025.
Christian Angle of Christian Angle Real Estate represented the sellers, and Margit Brandt of Premier Estate Properties represented the buyer. They often rank as the top two agents for the island by sales volume.
Clark and partner Marc Andreessen founded the browser Netscape in the 1990s. Clark’s net worth is about $8.4 billion, according to Forbes. A trust linked to Clark also bought a Wellington home for $12 million in 2022.
Fischer ran The Suburban Collection, a Michigan-based auto services company and dealership founded by his father. He served as the U.S. ambassador to Morocco from 2020 to 2021 under President Donald Trump.
The property once belonged to real estate developer David S. Mack of The Mack Company, according to records. He sold it to philanthropist and producer Sidney Kimmel for $3.6 million in 1992.
Waterfront properties in Palm Beach are rare and pricey, often trading off the market between celebrities and business execs. Residential properties on the island averaged $7 million in the first quarter this year, according to TRD Data, up substantially from an average of $4.2 million in the first of 2021.
— Alissa Gary
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