Billionaire John Malone has paid $38 million for the Florida home of the late German toy maker Horst Brandstätter. The estate is located on Jupiter Island, a barrier island off Florida’s East Coast.
The property, which sits on more than 9 acres, includes a three-bedroom house measuring about 8,400 square feet, a guesthouse and a roughly 3,000-square-foot beach house with two bedrooms, an office and a kitchen.
With a pool and a boat dock, the property has frontage on both the Atlantic Ocean and the Intracoastal Waterway.
The late Mr. Brandstätter’s company, Brandstätter Group, makes Playmobil figures, one of the most recognizable toys for children.
Mr. Brandstätter lived primarily in Germany but wanted to spend his winters golfing, so he bought the Jupiter Island property in 1991 and built the current home. The square living room is built on a turntable so it can rotate 360 degrees at the touch of a button, providing views of the sunrise over the ocean and the sunset over the Intracoastal.
The estate also has a putting green and a par-3 hole, as well as a separate garage for a golf cart.