P.E. Veteran Seeks $38.5 Million For Kennedys’ Florida Home

May 28 2014 | 9:49am ET

An alternative investments veteran is putting a piece of Camelot up for sale.

John Castle is selling the former Kennedy Compound in Palm Beach, Fla. Castle has owned the beachfront estate since 1995, when he bought it for $5 million from the family of former President John F. Kennedy. Castle, the CEO of Castle Harlan, has been quietly seeking a buyer for some time, but recently listed the property publicly.

Harlan is seeking $38.5 million for the compound, which includes three buildings with a total of 15,000 square feet of living space.

Prior to Castle’s purchase, the 11-bedroom spread had been in the Kennedy family since 1933. President Kennedy spent time there during his years in the White House, cut short by an assassin’s bullet in 1963.

The Kennedys sold the home following the death of President Kennedy’s mother, Rose, in 1995. The sale also came just months after the acquittal of Kennedy nephew William Kennedy Smith on charges that he had raped a woman on the grounds in 1991.

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