James and Charlene Nederlander have listed for sale a five-bedroom, 5.5-bath home at 1040 N. Lake Way in Palm Beach for $10.9 million.

The Nederlanders paid $9.8 million for the property in Sept. 2007. The 5,057-square-foot house, which was built in 1954, is in the neighborhood of Coral Estates.

Mr. Nederlander is the chairman of the Nederlander Organization, the second-largest theater chain in New York, and the patriarch of New York's most prominent theater family. He co-produced more than one hundred famous theatrical classics, including "West Side Story," "Hello Dolly!," "The King and I" and "Fiddler on the Roof."

There were 267 sales in Palm Beach in 2008, with a median sales price of $917,500.

Address: 1040 N. Lake Way