Bon Jovi bought $10M house, rebuilt, sold for $19.85M, bought $43M estate

American rock icon Jon Bon Jovi turned a $10 million land purchase into a major Palm Beach real estate upgrade, selling his custom-built home for nearly twice what he paid for the land before buying a much larger oceanfront estate nearby. Property records and reports from The Real Deal show the singer sold his custom-built Palm Beach home for $19.85 million. On the same day, he bought a larger beachfront mansion for $43 million. The two deals became one of Bon Jovi's most notable real estate moves in the exclusive South Florida town.Redeveloping on North Ocean BoulevardBon Jovi first entered the Palm Beach market in 2018. He paid $10 million for an oceanfront property at 230 N. Ocean Blvd. through a limited liability company. The property had an older house on it, which he and his wife, Dorothea Hurley, tore down to make room for a new home.