The owner may have finally found a buyer for La Tonteria, an award-winning Palm Beach residence that has been for sale for three years and has a $25.9 million asking price.
The owner, private equity investment professional James W. Harpel, initially listed the Colonial Revival-style house at 1102 North Ocean Boulevard in 2014 with a $32 million asking price.
Broker Christian Angle, who has had the listing for the residence since last summer, recently disclosed its pending sale on the multiple listing service for Palm Beach residential properties.
The landmarked house was designed by architect John L. Volk and built in 1935. Under Harpel’s ownership, the house was rebuilt in a complicated renovation project that took almost four years to finish. Architect Jeffery Smith of Smith Architectural Group oversaw the renovation.
In 2010, Harpel won the Robert I. Ballinger Award from the Preservation Foundation of Palm Beach for renovation work sensitive to historic structures.
The six-bedroom house has 17,300 square feet of living space, including outdoor space. The 1.4-acre residence features a private beach house, swimming pool, tennis court, wine cellar and tasting room. [Palm Beach Daily News] – Mike Seemuth