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EXCLUSIVE — Fire Sale: Palm Beach Billionaire Bill Koch Also Unloading Waterfront House!

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EXCLUSIVE — Fire Sale: Palm Beach Billionaire Bill Koch Also Unloading Waterfront House!

Bill Koch's house in Gulf Stream

Billionaire’s Bill Koch’s other house in Gulf Stream, on sale for $3.4 million (MLS photo)

PALM BEACH — The Monet and Picasso paintings aren’t the only prized things in the Palm Beach area that billionaire Bill Koch is trying to unload these days.

Records obtained by Gossip Extra show Koch is also selling his Old Florida-style mansion in Gulf Stream, a tiny beach resort town just south of Palm Beach.

And if he gets the $3.4 million he’s asking for the crib, for once Koch’ll lose his shirt.

Sorta.

Palm Beach billionaire Bill Koch asset dump continues with the sales of a Picasso and a Monet that, until recently, hung in his Palm Beach mansion (Forbes photo)

Palm Beach billionaire Bill Koch asset dump continues with the sales of a Picasso and a Monet that, until recently, hung in his Palm Beach mansion (Forbes photo)

Koch’s Centurion Residence Services bought 578 Palm Way, in the Polo Cove section of the town, in 2007 for $3.1 million.

Koch first had the place listed the property a year ago for $4.2 million. The price has been reduced three times since.

Over the past few years, it’s been the home of 19-year-old Charlotte Koch, the businessman’s daughter with a long ago galpal.

So, what do you get these days for that kind of dough?

Palm Beach billionaire Bill Koch is unloaded this property in Gulf Stream for $3.4 million (MLS photo)

Palm Beach billionaire Bill Koch is unloading this property in Gulf Stream for $3.4 million (MLS photo)

Here’s what realtors are telling potential buyers:

“Traditional architectural millwork and plantation shutters add to the fresh and refined atmosphere in a total of 3,764 square feet with four bedrooms, four and a-half baths, a two-bay garage, generator, and impact-glass windows.

“Elegantly inviting with hardwood floors and a coffered ceiling, the living room faces the Intracoastal. Cove views backdrop the paneled, bookcase-lined library and formal dining room. Poolside French doors line the gourmet kitchen and family/breakfast room in a comfortable open layout with tumbled marble floors, tongue-and-groove ceilings, and custom built-ins including a media center and wet bar.”

Bill Koch's Gulf Stream house

Palm Beach billionaire Bill Koch is unloading this property in Gulf Stream for $3.4 million (MLS photo)

The least that can be said about Koch, the founder of the West Palm Beach-based Oxbow energy company, is that he’s in a selling mood.

The two paintings that were taken off the walls of Koch’s South Ocean Boulevard mansion to be auctioned next month in New York City are expected to fetch in the $110 million-range, more than 10 times what he paid for them.

His Aspen ranch is listed for $100 million.

Koch, 75, is the lesser known brother of Tea Party sugar daddies Charles and David Koch.

Still, the wine connoisseur is said to be worth $3.5 billion!

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