Questions About Marc Bell's $35M Woodfield House

marc-bellThe somewhat notorious Marc Bell is selling his house in West Boca’s Woodfield Country Club. Listed in May for a whopping thirty-five million dollars (yes, that’s $35,000,000), the story got national media attention from Forbes and Business Insider.
The media frenzy jumps on Bell’s connection to Penthouse Magazine, which he was involved with for roughly five years out of a career of thirty to forty years. They also froth at the house having a “Star Trek” room.
There are a couple of pieces to the story we think are more interesting. First, if you’re going to list a house for $35M in West Boca, your realtor’s “map location” should probably show the correct place rather than a spot a few miles into the ocean east of Hallandale Beach.
marc-bell-ocean-house
The correct location for the house is actually within Woodfield Country Club, just north of Yamato and east of the Turnpike:

Second and more serious, as taxpayers many of our readers might be curious why a $35M house is appraised at only $6 million. County tax records show that the appraisal and taxes have been going down significantly in the last few years.
marc-bell-appraisal
If the house was assessed at a more accurate but still conservative $30 million, the county would be receiving an extra $500K or so in additional tax revenue from Mr. Bell. That would mean either more services from county government, or the rest of us might pay a little less. One wonders how many other fat cats are getting huge tax breaks leaving those of us in Boca’s middle class (or as the rest of the world might call us, “the moderately wealthy”) picking up the tab.

Author: Warren Redlich

Warren Redlich is a real estate agent and an attorney. He focuses on selling homes in West Boca Raton. Call or text Warren at 561-536-3645. Warren is also a tech YouTuber covering Tesla, SpaceX and more. His YouTube channel is https://www.youtube.com/c/WarrenRedlich/ and he sells Elon Musk related t-shirts and other merchadise at https://ElonBits.com. Warren also publishes videos about politics at https://warrenredlich.locals.com/