Renovated estate on Palm Beach’s Billionaires Row lists at $49M
The number of houses for sale in Palm Beach continues its slow creep upward, with three properties joining the local multiple listing service over the past three weeks in the $25 million to $50 million range.
Leading that price category is a freshly renovated-and-rebuilt house at 1230 S. Ocean Blvd. Priced with its furnishings at $49 million, the house stands on about an acre fronting the coastal road on the stretch of Billionaires Row that runs between The Mar-a-Lago Club and Widener’s Curve.
Meanwhile, the MLS showed another eight recent listings were priced between about $14 million and $20 million, as of early this week. In all, 83 single-family houses and townhouses were listed for sale.
At the corner of Emerald Beach Way, the house at 1230 S. Ocean Blvd. is one of the few homes in the ocean-to-lake area that has no waterfront. But windows and French doors afford views of lavish formal gardens designed by Fernando Wong of Fernando Wong Outdoor Living Design to complement the Palm Beach Regency-style house built in 1989.
Agent Chris Leavitt of Douglas Elliman Real Estate is representing the property, which entered the market Nov. 1 in the nonpublic listings of the MLS. The five-bedroom house has 11,038 square feet of living space, inside and out.
Leavitt described the house as a meticulously renovated custom home with fine finishes, luxurious materials, elegant furnishings and manicured grounds. “It’s one of the most spectacular, move-in ready homes that we’ve seen in a long time in Palm Beach,” he added.
The estate last sold for $11.5 million. At the time, a major renovation project had been stalled for several years under the previous owner, New Jersey car dealer and real estate investor Thomas Maoli.
Leavitt declined to discuss the property’s present ownership. But the house is owned by a Delaware-registered entity linked in property records to a home owned by the Herro-Franke Wisconsin Real Estate Trust outside Milwaukee in Hartland. That trust is affiliated with Jay Franke and investments specialist David Herro.
Contractor Greg Giuliano of Greg Giuliano Construction oversaw the recent renovation, which was designed by architects Richard A. Borries and James Shearron of Bories and Shaearron Architects in collaboration with designer Michael Perry of MP Design & Architecture, town records show. Interior designer Miles Redd decorated the residence.
The house has a ground-floor primary bedroom suite that includes an office, two walk-in closets, a fireplace and a “spa-like bathroom with a soaking tub and shower, according to Leavitt’s sales listing.
The first floor also includes a formal living room, a formal dining area, a gym and a guest bedroom with an en suite bathroom. Upstairs are more ensuite bedrooms.
The well-equipped kitchen includes a gas stove by La Cornue and a wine fridge. Other features of the property include state-of-the-art lighting, sound and water-filtration systems.
When 1230 S. Ocean Blvd. changed hands in 2020, the listing agents were Paulette Koch and Dana Koch of the Corcoran Group. The MLS does not show who represented the buyer’s side of that deal.
Custom home on the inlet listed at $25.9 million in Palm Beach
Across town, an estate at 173 E. Inlet Drive affords plenty of waterfront views, thanks to its position on the northern tip of the island. Priced at $25.9 million, the property is directly on the inlet and looks straight up the Intracoastal Waterway while also offering a views of Peanut Island, thanks to its position near the western terminus of East Inlet Drive.
On a lot of about a quarter-acre, the four-bedroom house on East Inlet was listed Oct. 15 by agent Kourtney Pulitzer of Sotheby’s International Realty. The modified-ranch-style house was completed in 2014 as a custom home by the present owners and has been homesteaded by Lisa Hedley, who bought the lot in her name in 2012, property records show.
Architect Roger Janssen of Dailey Janssen Architects designed the house, which has 4,591 square total square feet and a front pool courtyard. The interior layout incudes a family room open to the center-island-kitchen and its dining area. In many rooms, oversize plate-glass windows and French doors showcase the water views, as does the wide loggia on the north side of the house.
Pulitzer’s listing described the house as having the feeling of a “residential resort.” She and her clients declined to comment about the listing.
In the 2012 sale of 173 E. Inlet Drive, the listing agent was Susan Raymond of Sotheby’s International Realty; on the buyer’s side was agent Jim McCann, then of the Corcoran Group but today at Premier Estate Properties.
House on Seabreeze Avenue in Palm Beach joins the MLS at $25 million
Several miles to the south in Midtown, a West Indies-inspired house built on speculation in 2009 entered the market Nov. 4 at $25 million at 218 Seabreeze Ave.
The four-bedroom house with 5,859 square feet is being sold by the South American family that bought it in 2010 through an ownership company and used it for holidays, said listing agent Rachel Shapiro of William Raveis South Florida.
Shapiro declined to identify her clients, who own the house on Seabreeze through a Florida limited liability company named Sama US Holdings LLC.
“The house has been well-maintained and is in the best shape,” Shapiro said, adding that her clients’ visits to Palm Beach have become less frequent in recent years.
Standing on a third of an acre, the Seabreeze Avenue house was built by contractor George L. Ford and developed by Leeds Custom Design. The interior, as Shapiro describes it, “has a modern, contemporary feel to it but is traditional in a Colonial way” with a floorplan that “flows so beautifully.”
The great room’s two-sided fireplace also serves the dining room, according to Shapiro’s sales description. The family room is set up with a home theater and opens to an outdoor loggia. The primary suite, with two bathrooms, is on the first floor. The other bedrooms are upstairs.
In the 2010 sale on Seabreeze Avenue, the buyer was represented by agent W. Peter Mahler of the old Wilshire International Realty, who negotiated opposite agent Scott M. Gordon, then of the old Fite Shavell & Associates, which today is William Raveis South Florida.
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To see more photos of the Palm Beach estate priced at $49 million at 1230 S. Ocean Blvd., click on the photo gallery at the top of this page.
Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email [email protected], call (561) 820-3831 or tweet @PBDN_Hofheinz.
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