HOUSE OF THE DAY: Custom-built oceanfront Palm Beach mansion with a 50-foot pool lists for $47 Million

A custom-built mansion in the ultra-exclusive millionaire's enclave of Palm Beach just listed for $47 million.

British businessman Lord Anthony Jacobs built the house after he bought the property in 1995 for $4.15 million and bulldozed the existing house, the Wall Street Journal reported.

In its place, he built a 13,000-square-foot monument to Mediterranean architecture.

Paulette and Dana Koch of the Corcoran Group have the listing.