Broadway producer lists Palm Beach oceanfront estate for $135M

Asking price would set record for the most expensive resi sale in Palm Beach County

Miami /
Oct.October 22, 2018 02:30 PM

1295 South Ocean Boulevard and Terry Allen Kramer (Credit: Google Maps and Getty Images)

A Broadway producer just listed her 5-acre estate in Palm Beach for $135 million — an asking price that if achieved, would set a new record as the most expensive residential sale in Palm Beach County history.

Terry Allen Kramer listed the 37,516-square-foot, 13-bedroom compound at 1295 South Ocean Boulevard with Gary Pohrer, Ashley McIntosh, Lisa Wilkinson, Cara McClure and Adam McPherson of Douglas Elliman, according to the Wall Street Journal.

Called ‘La Follia,’ the home sits on South Ocean Boulevard in a narrow stretch of land known as “Billionaire’s Row,” a neighborhood that has attracted the likes of casino resort developer Steve Wynn and Blackstone CEO Stephen Schwarzman.

The home, completed in 1996 by architect Jeff Smith, features wrought-iron gates flanked by elephant sculptures and a two-story entrance foyer with 25-foot ceilings, according to the publication. Other features include a five-car garage, a boat dock, a fitness center, movie theater and gaming area.

The most expensive home sale in Palm Beach County history was for $95 million in 2008, when Donald Trump sold the 6.3-acre Maison de L’Amitie estate at 515 County Road to Russian billionaire Dmitry Rybovlev. Since then, Rybolovlev has demolished the mansion and divided up the property into three lots, so far selling two for a combined $71 million. [WSJ] – Amanda Rabines


Related Articles

arrow_forward_ios
Serena Williams with 7703 Bold Lad Road and 6431 River Pointe Way (Getty, Google Maps)

Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion

Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Alex Rodriguez with Stuart Zook (Getty, Miami-Dade County Circuit Courts)

A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee

A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee
Todd Glaser with aerial view of 870 South Ocean Boulevard in Palm Beach. (Google Maps, Mary Beth Koeth)

Todd Glaser, partners close on Palm Beach home across from ocean for $13M

Todd Glaser, partners close on Palm Beach home across from ocean for $13M
Carl Gambino

Celebrity agent Carl Gambino expands to Miami

Celebrity agent Carl Gambino expands to Miami
320 Island Road, Palm Beach (Google Maps)

Payday lender CEO buys Palm Beach house for $26M

Payday lender CEO buys Palm Beach house for $26M
W. Allan Jones & 326 Via Linda, Palm Beach (Wikimedia Commons, Google Maps)

Cash king sells waterfront Palm Beach home for $27M

Cash king sells waterfront Palm Beach home for $27M
535 North County Road (Palm Beach Property Appraiser)

Oceanfront Palm Beach spec mansion hits the market, asking record $140M

Oceanfront Palm Beach spec mansion hits the market, asking record $140M
David Cassidy and 1600 South Ocean Drive in Fort Lauderdale (Getty)

David Cassidy’s former Fort Lauderdale home sells

David Cassidy’s former Fort Lauderdale home sells
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...