Historic Palm Beach Compound Restored by Seaspray Group Asks $49.5M
$49,500,000 | Built c.1928 | 19,434 Sq. Ft. | 16 Beds | 17.5+ Baths | 0.92 Acres
172 S Ocean Boulevard, Palm Beach, Florida, United States, 33480
A landmark Mediterranean-style compound has hit the market in Palm Beach, Florida for $49.5 million following a multi-year restoration by Seaspray Group. Located on the corner of Main and Main, the nearly 20,000 square foot mansion, known as La Salona, was designed in 1926 by architect Marion Sims Wyeth with an additional in 1929 by famed Palm Beach architect, Maurice Fatio. It was built for Palm Beach attorney, WR Reynolds and occupied by famous socialites including Kimberley Farkas. La Salona exudes true Palm Beach style, when one enters the arched entry courtyard, you’re swept back in time. Although originally built in 1926, the home has been completely updated under the current owner over the past 30 years. The most recent renovation of the western portion of the home was completed in 2016. La Salona features beautiful stencilled cypress ceilings, a wine cellar for 2,000 bottles and cut coral walkways leading to lavish gardens with fountains. The decorative ironwork, the panelling and Mediterranean tile work dating back from Addison Mizner’s workshop. The dining room features a coffered ceiling, carved columns, floor tiles and panelled doors which are all part of the original construction. This prestigious estate offers sprawling ocean views from the master suite along with 4 private guest suites and breathtaking courtyard gardens. There are a total of 16 bedrooms and 17.5+ bathrooms. La Salona is on the market for $49.5 million with Gary Pohrer of Douglas Elliman.