By Katherine Clarke
In late 2024, rumors swirled that Elon Musk had bought the late beauty mogul Sydell Miller's sprawling penthouse in West Palm Beach, Fla. The speculation suggested the billionaire tech mogul had purchased the condo to be closer to President Trump's Mar-a-Lago and grew so widespread that Musk addressed it directly, taking to his social-media platform X to deny the claims.
Now, a development likely to put those rumors to rest: Miller's estate is officially putting the penthouse on the market for $78.9 million. If the unit at the upscale Bristol condominium sells for close to that price, it would break its own price record for a condo sale in West Palm Beach, according to listing agent Christian Angle of Christian Angle Real Estate.
Miller's two daughters didn't respond to requests for comment. Musk couldn't immediately be reached for comment.
Miller, co-founder of the beauty brand Matrix Essentials, lived for years in an oceanfront estate on the island of Palm Beach, across the Intracoastal Waterway from the mainland West Palm. In 2019, she sold the estate for $111 million and paid a record $42.56 million for two units at the Bristol. The building was still in development and the units were raw space, Angle said.
Miller combined them into a roughly 20,000-square-foot unit with five bedrooms, five bathrooms, Angle said. Miller used the apartment to house some of her impressive art collection, which included a water lily scene by Claude Monet. Her collection was sold by Sotheby's for roughly $200 million late last year.
Miller and her late husband, Arnold Miller, founded the fake-eyelash brand Ardell and Matrix Essentials, which provided beauty products to salons across the country. In 1994, two years after Arnold died, Bristol-Myers Squibb bought Matrix from Miller for $400 million. Miller, who died in February 2024, was known locally as the "shampoo lady."
The roughly 70-unit Bristol has long been considered West Palm Beach's most luxurious building, and is credited with helping to pioneer the high-end market in the city. "It's the benchmark that everything has been governed by," said Angle. More recently, new projects by Related Ross have stolen some of the spotlight from the tower.
(END) Dow Jones Newswires
December 19, 2025 10:50 ET (15:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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