South Florida mansion hits market for $159 million

In the market for a beachfront mansion in South Florida? An 11-bedroom home with 22-carat gold leaf coated balconies, fountains, gates and doors has hit the market for $159 million. Called Le Palais Royal, the Hillsboro Beach home is modeled after the French royal palace Versailles. The Miami Herald reports the 60,000-square-foot home is still under construction, but almost complete. The owner, construction magnate Robert Pereira, is building two guesthouses, a pool and an “underground entertainment complex” that includes an…