Legendary conservative radio show host Rush Limbaugh’s widow, Kathryn Limbaugh, has reportedly sold the couple’s $155 million Palm Beach estate.
The waterfront property had been on the market for eight months until it was finally purchased by billionaire William Lauder, the executive chairman of The Estée Lauder Companies, according to the Washington Examiner.
What’s amazing is the difference between the exorbitant selling price and the price that Limbaugh paid for it decades ago.
“Mr. Limbaugh, a talk-radio icon who died in 2021, purchased the property for $3.9 million in 1998 through a limited liability company, records show. The seller was a trust tied to his widow, Kathryn Adams Limbaugh,” The Wall Street Journal notes.
It’s not clear why the price shot up by so much. Perhaps Limbaugh added components to it over the years?
The Real Deal magazine notes that the estate spans 2.7 acres and is comprised of three separate homes: “a main 16,600-square-foot mansion, a 2,900-square-foot house, and a 2,200-square-foot house.”
“The homes have a combined 13 bedrooms and 12 bathrooms. The mansion at 1495 North Ocean Boulevard was built in 1992. The house at 1501 North Ocean Boulevard was built in 1951, and the 108 Mediterranean Road house was built in 1934,” according to the magazine.
Below is a picture of the estate via the Journal:
Rush Limbaugh’s Palm Beach estate sold for $155M. I can’t believe he’s gone. h/t @BoSnerdley. He paid $3.9M for the property in 1998. https://t.co/lK51WckX6Z
— @amuse (@amuse) March 10, 2023
Speaking of the Journal, the paper notes that the stunning $155 million deal “is a record deal for Palm Beach, according to property records and real-estate appraisal firm Miller Samuel.”
“In 2013, hedge-funder Ken Griffin paid $129.6 million for four parcels. Last year, Oracle Corp. co-founder and chairman Larry Ellison purchased a $173 million home in nearby Manalapan, Fla., setting a record for that area,” the paper reported.
The Journal also notes, via the 2010 book “An Army of One” by Zev Chafets, that the largest mansion on the estate “was largely decorated by Limbaugh himself.”
“A vast salon was meant to invoke Versailles, the book said, and a dining room chandelier was a replica of the one in New York’s Plaza Hotel,” according to the paper.
The purchase comes around two years after Limbaugh passed due to complications from cancer. His wife, Kathryn, hosted his show on the morning of his death so that she could announce to his fans his unfortunate passing.
“Hello, everyone. I know that I am most certainly not the Limbaugh that you tuned in to listen to today. I, like you, very much wish Rush was behind this golden microphone right now, welcoming you to another exceptional three hours of broadcasting. For over 32 years, Rush has cherished you, his loyal audience, and always looked forward to every single show,” she said.
“It is with profound sadness I must share with you directly that our beloved Rush — my wonderful husband — passed away this morning due to complications from lung cancer. As so many of you know, losing a loved one is terribly difficult, even more so when that loved one is larger than life,” she added.
Listen:
Following his death, a battle broke out of radio dominance, as numerous aspiring conservative radio show hosts all began competing for Limbaugh’s fans. From that battle emerged three new shows.
Premiere Networks’ iHeartMedia replaced Limbaugh’s show with a new show by conservative commentators Buck Sexton and Clay Travis. This show is basically the defacto replacement.
Meanwhile, Audacy picked up conservative commentator and former National Rifle Association spokesperson Dana Loesch’s radio show. And lastly, Cumulus Media’s Westwood One debuted a show by Fox News host Dan Bongino, though the show is reportedly slated to expire in 2024.
Writers and editors can be contacted at [email protected] with feedback, tips, or corrections.
V. Saxena is a staff writer with a decade of experience as a professional writer, and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University. Saxena also contributes to BizPac Review.
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