c.1930 5.46-Acre Italian Renaissance-Style Palazzo Lists For $137-Million in Palm Beach, FL (PHOTOS)

c.1930 5.46-Acre Italian Renaissance-Style Palazzo Lists For $137-Million in Palm Beach, FL

Palm Beach, Florida, United States

When architect Maurice Fatio was commissioned to build ‘Il Palmetto’ in 1930, the 5.46± acre Ocean-to-Lake estate was declared exceptional. Years later, Fairfax and Sammons oversaw a 4 year meticulous restoration of the Italian Renaissance-style palazzo, Il Palmetto’s architectural detail was maintained. The result is an estate without peer in Palm Beach. The main residence is designed as a series of pavilions connected by cloisters, beginning with the 2 story entrance hall. The pièce de résistance is the living room with a 16th Century carved ceiling and architecturally-framed sunset views over Lake Worth. The formal dining room with shield-decorated ceilings accommodates elegant dinner parties. The main level is completed by the chef’s kitchen featuring custom appliances, butler’s pantry, family room, theater, billiards room, library, office and pavilion, all circling a courtyard and fountain. An outdoor loggia connects the inner courtyard to a large swimming pool lined with dark blue tiles. The master bedroom suite and 3 guest bedrooms are on the second level. A 20,000-bottle carved limestone wine cellar, exercise room and spa, second wine cellar for 1,000 additional crates plus the Moroccan room offering exquisite indoor/outdoor entertaining are on the ground level. The main house features 2 elevators and 2 additional bedrooms in staff quarters. The interiors have a unique lightness and grace creating a serene atmosphere. The property features hurricane-proof, bronze impact windows and doors and hidden modern-day technological systems controllable via smart phone. Private underground tunnel below A1A leads to 2 bedroom, 3 bath beach house featuring a kitchen and sitting room framing an infinity-edge swimming pool that blends into the turquoise waters of the Atlantic. A seawall affords protection and stairs for beach access. The lakefront boat house is equipped with 2 state-of-the-art motorized boat launches with a 2 bedroom, 2 bath guest apartment above. The property is listed at $137,000,000 with Cristina Condon


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