Palm Beach mansion sells for $105M

Sydell L. Miller, the co-founder of beauty products business Matrix Essentials, sold an oceanfront mansion in Palm Beach for $105 million — a record-tying price for the wealthy town.

A home at 1295 S. Ocean Blvd. sold for $105 million in July.

Miller’s mansion, a 34,775-square-foot home at 1415 S. Ocean Blvd., was acquired by the Steven B. Schonfeld 2011 Delaware Trust, based in Jericho, New York.

Schonfeld was ranked No. 18 on the Forbes list of highest-earning edge fund managers with $130 million in earnings. He heads Schonfeld Strategic Advisors. Bloomberg said Schonfeld is worth $1.3 billion.

The home was built on the 4.34-acre site in 2001. It has 10 bedroom, 14 bathrooms, five half-bathrooms, marble floors, a pool, and a tennis court.

Meanwhile, Miller already has a new place nearby. She paid $42.56 million — a record for a condo in West Palm Beach — for a unit in the Bristol in March.

She co-founded Matrix Essentials in 1980 selling cosmetics, and it was sold to Bristol Myers Squibb in 1994.

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