Todd Glaser, Warhol muse Baby Jane buy their Palm Beach neighbor’s house for $16M

Spec developer Todd Glaser teamed up with his neighbor, Warhol muse Baby Jane Holzer, to buy the house between their Palm Beach properties for $15.5 million. 

The pair bought the house at 111 Via Del Lago from the estate of the late Ned Monell Jr., Glaser confirmed. They split the cost evenly, and plan to demolish the existing home and use the property to expand their adjacent homes, he said. 

Glaser and his wife, interior designer Kim Glaser, relocated from Miami Beach to Palm Beach in recent years and bought their home at 125 Via Del Lago for $23.2 million in 2022. Glaser and his partners have invested heavily in Palm Beach spec homes and flipping properties in recent years. In May, they sold Tarpon Island for $152 million, making it one of the most expensive homes ever sold in Florida.   

Holzer, a lifelong Palm Beacher, is also active in the island’s real estate game. Her portfolio spans residential and commercial properties across Palm Beach County, and includes the building at  247 Worth Avenue, home of the French restaurant and island mainstay, Le Bilboquet, records show. 

Before she was a landlord, though, Holzer was a socialite, model, and famous friend of Andy Warhol. She was the subject of a number of his works, several of which remain in her personal art collection. 

Holzer bought the half-acre property at 980 South Ocean Boulevard, which is adjacent to 111 Via Del Lago, for $8 million in 2020, records show. She tore down the existing home and plans to build a new mansion on the land. 

Glaser said local attorney Maura Ziska told him the house at 111 Via Del Lago would be sold after Monell, the grandson of Gilded Age nickel magnate Ambrose Monell, died. Glaser then approached Holzer about splitting the property. 

“She thought it was a great idea,” he said. He thought about buying the property himself, he said, but decided it was “overkill.” 

Now he plans to add a guest house and a garden on the east side of his combined properties. 

Buying up neighboring properties has become a common practice in South Florida’s luxury market, where wealthy buyers often cobble together two, three or more lots to assemble larger estates.