One of America’s priciest listings—a roughly 60,500-square-foot house in Hillsboro Beach, Fla.—is returning to market offering more land, two guesthouses, a subterranean entertainment complex and an even-bigger price tag: $159 million. Modeled after the Palace of Versailles in France, Le Palais Royal initially went on the market in September 2014 for $139 million and was delisted about a year later, said listing agent Mayi de la Vega of One Sotheby’s International Realty. According to Joseph Leone, the project manager who has overseen the home’s construction, the owner decided to take the main house off the market until it was closer to completion. He also decided to include an adjacent 1½-acre lot because the estate needed more land and entertaining space. The size of the waterfront estate, which sits between the Atlantic Ocean and the Intracoastal Waterway, now totals about 4½ acres. On the smaller lot, the owner is building two guesthouses, which will measure about 3,000 square feet each and will share a pool. Underneath this area will be an entertainment complex that will house an ice-skating rink, a go-kart track, a nightclub and a bowling alley. Construction on this second phase will be completed in about two years, Mr. Leone said, adding that the total cost of building the estate is over $100 million. The property is owned by Robert Pereira, the founder of Middlesex Corp., a Massachusetts-based construction company that also has offices in Florida. Mr. Pereira initially planned to live in the home, but decided to sell it instead, Mr. Leone said. Mr. Pereira didn't respond to a request for comment. Mr. Leone said he’s spent about seven years designing and building the house with the goal of creating “something completely different than what’s been done in America.” With more than $3 million worth of gold leaf, the estate has six waterfalls—one of them 25 feet tall—and a marble staircase that cost about $2 million to build. The main house has 11 bedrooms, including a master suite with a heated plunge pool on the balcony. The house also has an 18-seat IMAX home theater, a 30-car subterranean garage, a wine cellar with room for about 3,000 bottles and a 1,300-gallon built-in aquarium. Outside, a 4,500-square-foot infinity pool has a swim-up bar and a water slide. Suspended above the pool is a glass-bottomed hot tub. The grounds also include a putting green, an outdoor kitchen with a pizza oven, and two boat docks on the Intracoastal.