Oceanfront home in Palm Beach goes for $18 million

A Palm Beach estate designed by architect Addison Mizner sold for $18 million, according to a deed recorded Friday in the office of the Palm Beach County Clerk.

The landmarked North End estate known as Louwana is located on 1.5-acre lot at 473 North Ocean Boulevard with 150 feet of beach frontage.

Built for the Munn family and passed down to their descendants, the 12,483-square-foot residence has 12 bedrooms, four fireplaces, a guest house, tennis court, cabana and a three-car garage.

The Palm Beach Daily News also reported that the deed identified the buyer of the Spanish-Mediterranean style residence as Louwana Trust. It is one of a handful of Palm Beach home designed by Addison Mizner that are still standing.

Shirley Wyner, an agent with Fite Shavelli & Associates, represented the buyer in the transaction. She was unavailable for comment.

The seller was Cristina de Heeren Noble. Her late mother, who died in 2006, long resided at the Louwana estate. Her father descended from the Wanamaker family in Philadelphia, which made a fortune in retailing.

Louwana was built in 1919 for Gurnee Munn and his wife, Marie Louise Wanamaker Munn, whose name is the basis for the name of the Palm Beach estate.

The residence was listed for sale in 2088 with an asking price of $30 million but did not attract a buyer. It  was listed for sale again in 2013 with an asking price of $22 million. [Palm Beach Daily News] — Mike Seemuth