05/26/2010 05:12 am ET | Updated May 25, 2011

Conrad Black's Palm Beach Mansion For Sale (PHOTOS)

Newspaper magnate Conrad Black is in jail, serving a 6.5-year sentence on charges of fraud and obstruction of justice related to a scheme in which he swindled his company, Hollinger International, out of millions. While he serves his time, his privileged former life is unraveling. In February, his Palm Beach mansion -- which was listed in 2004 at $36 million -- was transfered to a Connecticut investment firm. The house is now on the market for an unlisted price.

The S. Ocean Boulevard home, a "splendid British Colonial estate" is situated on over 3 acres, with both ocean and intracoastal waterfront. It has 5 bedrooms, 6 baths, a guest house, movie theater, exercise room, tennis court, and 3-car-garage. See photos of The House That Fraud Built below:

Conrad Black Palm Beach