If bigger is better, this palatial Palm Beach spread owned in the 1980s by an heir to the Gucci family fits the bill and has two swimming pools to boot. And, if real estate bragging rights matter, at $205 million, the legacy property is officially the most expensive home currently on the market in South Florida.

Aldo Gucci, who served as chairman of the sometimes feuding family’s eponymous fashion house, may have once owned the property, but the house he lived in was long ago razed and replaced in 2005 by a coral-colored Mediterranean Revival mansion reminiscent of the grand old piles designed for early 19^th-century tycoons by legendary Palm Beach architects Addison Mizner and Marion Syms Wyeth.

RELATED: Inside Sylvester Stallone’s Newly Renovated Palm Beach Estate

The existing house was built by Frank and Maureen Wilkins, who acquired the land in 2002 for $13.9 million. The Wilkins, both of whom have passed away, oversaw the construction of the opulent residence, which they used primarily as their winter home. Across its 23,000-plus square feet are gracious reception rooms embellished with artisan-crafted details, including hand-plastered walls and ceiling stencilling.

Listing agent Christian Angle of Christian Angle Real Estate told the Wall Street Journal the interiors could use some refreshing, but they are nonetheless impressive. French doors open the house’s grand reception rooms and its more intimate family spaces to broad terraces, manicured gardens, and two swimming pools, one on each side of the house.

RELATED: An Oceanfront Estate in Palm Beach With Two Swimming Pools Lists for $73 Million

In all there are eight bedrooms and 11 bathrooms. The six-bedroom, six-and-a-half-bath main house is complemented by a two-bed/two-and-a-half-bath guest cottage. The poolside pavilion has another bath, along with a kitchenette.

Other highlights include deep porches with pecky cypress ceiling panels, a beachfront cabana with a rooftop terrace, and garaging for six cars. The private path over the vegetated dunes to a stunning stretch of sugar-sand beach is the icing on the cake.

Click here for more photos of the Palm Beach estate.