Billionaire John Malone just dropped $38 million on this Florida mansion

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John Malone just added a new trophy to his massive property collection.

As reported by The Wall Street Journal, the chairman of Liberty Media Corp. paid $38 million for a mansion on Jupiter Island.

The former home of Horst Brandstätter - the founder of Playmobil - this beachfront estate has it all.

Originally listed at $45 million, the sale was brokered by Ken and Kandyce Meierling of Engel & Völkers.

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