Latest news with #Bermuda-style
Yahoo
3 days ago
- Business
- Yahoo
House in Trump security zone is listed for $12.5 million
Another Palm Beach house is up for grabs in the security zone that borders President Donald Trump's Mar-a-Lago Club. The four-bedroom house at 112 Algoma Road is priced at $12.5 million and is a potential tear-down, according to the May 20 sales listing. The street is the third one north of Mar-a-Lago in the neighborhood that closes to through-traffic when the president is in residence at his private club. Built in 1952, the one-story house on Algoma Road is being marketed in the local multiple listing service in two categories – single-family homes and land. With 2,930 total square feet, the Bermuda-style house stands on a non-waterfront lot of about a third of an acre. It's the second house west of South Ocean Boulevard, which divides a row of direct-beachfront homes from the rest of the Estate Section. The house has been in the same family for nearly 45 years. Property records show its owned through a trust by Joyce S. Vaughn, who has it homesteaded as her primary residence in the latest Palm Beach County tax rolls. She bought the house for a recorded $385,000 in 1981 with her late husband, management-consulting executive Clother Hathaway Vaughn III. He died in 2019 at 85. Agent Margit Brandt of Premier Estate Properties holds the listing, which describes the property as having a 'bespoke' location with a 'truly elite level of privacy' and nearby deeded beach access. The listing says the house has a swimming pool but provides no details about the home's interior. 'Looking at the market today, 112 Algoma is the only dry lot available for sale in Palm Beach's Estate Section,' Brandt told the Palm Beach Daily News. 'It is also the only piece of land publicly available (in the MLS's land category) in the presidential security zone adjacent to Mar-a-Lago. This presents a special opportunity for a buyer to build their dream home in one of the most coveted, exclusive locations in the world.' Since early December, six residential properties in the Mar-a-Lago security zone have sold at prices ranging from $12 million to $27.5 million. Among those sales was another on Algoma Road. In December, that never-lived-in, five-bedroom house developed on speculation at 130 Algoma Road changed hands for a recorded $14.3 million. Two other houses are 'active' listings in the MLS's single-family category in the same neighborhood. An estate at 160 Clarendon Ave. is offered at $48.85 million by broker Lawrence Moens of Lawrence A. Moens Associates, while a house at 1048 S. Ocean Blvd. is listed at $23.95 million by agent Elizabeth DeWoody of Compass Florida. One other neighborhood house is listed in the 'pending' category of the MLS, meaning it is under contract. That's a four-bedroom house at 142 Via Palma with 7,633 total square feet, listed by Brandt at $18.95 million. When Trump is at Mar-a-Lago, security officers shut down South Ocean Boulevard in the neighborhood, opening the road only to property owners or their authorized visitors, representatives or workers. The security zone runs north from the club property for seven blocks, or about half a mile, to South County Road. Because the area is bordered by the Atlantic Ocean on one side and the Intracoastal Waterway on the other, the roadblock effectively divides the town in two, forcing through-traffic to detour across bridges into West Palm Beach and back. Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly 'Beyond the Hedges' column. He welcomes tips about real estate news on the island. Email dhofheinz@ Help support our journalism. Subscribe today. This article originally appeared on Palm Beach Daily News: $12.5M listing in Mar-a-Lago security zone is a possible tear-down
New York Post
22-05-2025
- Business
- New York Post
Teardown home inside the Mar-a-Lago security zone asks $12.5M: ‘Like you're part of a private, secret club'
It's in the zone! If you aren't part of President Trump's inner circle, you can still get inside the Palm Beach presidential security zone — but it will cost you millions of dollars. A modest house that's 'just a stone's throw' from his Mar-a-Lago club is on the market for $12.5 million — most likely as a teardown, said listing broker Margit Brandt, of Premier Estate Properties. The Palm Beach Daily News first reported the listing. 6 An aerial of the Bermuda-style home, which sits on one third of an acre. SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES 6 The residence, most likely a teardown, asks $12.5 million. SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES 6 The home is also just steps from the ocean. SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES Built in 1952, the one-story, Bermuda-style home is at 112 Algoma Road, on a street closed to through-traffic when Trump is at Mar-a-Lago. It's now one of the world's most coveted, exclusive locations — and a great spot to build a dream house, Brandt told Gimme Shelter. 'It's a beautiful area, by Mar-a-Lago and the ocean. It looks like the Bahamas, with all the palm trees,' Brandt said. 6 The home comes with deeded beach access. SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES 6 Palm Beach has seen an astounding post-presidential boom in terms of luxury property sales. SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES 'The house is directly one street over from the club,' she added. 'We've sold all inventory here over the past six months. Not much becomes available here, but now there's a chance for someone to build their dream house in the Estate Section on a buildable lot for $12.5 million.' The presidential security zone is 'probably just a quarter mile,' Brandt said, adding 'that it has become a desirable stretch for people who value privacy and security. It's like you're part of a private, secret club.' At 2,930 square feet, the home comes with four bedrooms, four baths and sits on a third of an acre. It also has deeded access to the beach, which is just 245 feet away. It has been owned by the same family since 1981, when it was purchased for $385,000, according to records. 6 A long driveway leads to the four-bedroom home. SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES The listing is part of a 'post-presidential boom' in real estate, Brandt told Gimme. Since Trump was elected last November, six homes in the presidential security zone have sold — for $12 million to $27.5 million, according to reports. That includes 1090 S. Ocean Blvd., which asked $45 million as a pre-construction spec house in the presidential security zone. Brandt, who repped the buyer and seller, sold it as land only for $19.5 million. The deal also came with Mar-a-Lago membership that had been grandfathered in. Initiation fees are now $2 million, sources told Gimme.
Yahoo
21-05-2025
- Business
- Yahoo
New $12.5M listing in Trump's Mar-a-Lago security zone is a potential tear-down
Another Palm Beach house is up for grabs in the security zone that borders President Donald Trump's Mar-a-Lago Club. The four-bedroom house at 112 Algoma Road is priced at $12.5 million and is a potential tear-down, according to the May 20 sales listing. The street is the third one north of Mar-a-Lago in the neighborhood that closes to through-traffic when the president is in residence at his private club. Built in 1952, the one-story house on Algoma Road is being marketed in the local multiple listing service in two categories — single-family homes and land. With 2,930 total square feet, the Bermuda-style house stands on a non-waterfront lot of about a third of an acre. It's the second house west of South Ocean Boulevard, which divides a row of direct-beachfront homes from the rest of the Estate Section. The house has been in the same family for nearly 45 years. Property records show its owned through a trust by Joyce S. Vaughn, who has it homesteaded as her primary residence in the latest Palm Beach County tax rolls. She bought the house for a recorded $385,000 in 1981 with her late husband, management-consulting executive Clother Hathaway Vaughn III. He died in 2019 at 85. Agent Margit Brandt of Premier Estate Properties holds the listing, which describes the property as having a 'bespoke' location with a 'truly elite level of privacy' and nearby deeded beach access. The listing says the house has a swimming pool but provides no details about the home's interior. 'Looking at the market today, 112 Algoma is the only dry lot available for sale in Palm Beach's Estate Section,' Brandt told the Palm Beach Daily News. 'It is also the only piece of land publicly available (in the MLS's land category) in the presidential security zone adjacent to Mar-a-Lago. This presents a special opportunity for a buyer to build their dream home in one of the most coveted, exclusive locations in the world.' Since early December, six residential properties in the Mar-a-Lago security zone have sold at prices ranging from $12 million to $27.5 million. Among those sales was another on Algoma Road. In December, that never-lived-in, five-bedroom house developed on speculation at 130 Algoma Road changed hands for a recorded $14.3 million. Two other houses are 'active' listings in the MLS's single-family category in the same neighborhood. An estate at 160 Clarendon Ave. is offered at $48.85 million by broker Lawrence Moens of Lawrence A. Moens Associates, while a house at 1048 S. Ocean Blvd. is listed at $23.95 million by agent Elizabeth DeWoody of Compass Florida. One other neighborhood house is listed in the 'pending' category of the MLS, meaning it is under contract. That's a four-bedroom house at 142 Via Palma with 7,633 total square feet, listed by Brandt at $18.95 million. When Trump is at Mar-a-Lago, security officers shut down South Ocean Boulevard in the neighborhood, opening the road only to property owners or their authorized visitors, representatives or workers. The security zone runs north from the club property for seven blocks, or about half a mile, to South County Road. Because the area is bordered by the Atlantic Ocean on one side and the Intracoastal Waterway on the other, the roadblock effectively divides the town in two, forcing through-traffic to detour across bridges into West Palm Beach and back. Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly 'Beyond the Hedges' column. He welcomes tips about real estate news on the island. Email dhofheinz@ Help support our journalism. Subscribe today. This article originally appeared on Palm Beach Daily News: New $12.5M listing in Mar-a-Lago security zone is a possible tear-down
Yahoo
14-05-2025
- Business
- Yahoo
Remodeled estate lists for $90 million on the Intracoastal Waterway in Palm Beach
Coffee tycoon Robert 'Bob' Stiller and his wife, Christine, are asking $90 million for their extensively renovated lakefront house in Palm Beach, according to a new sales listing. A limited liability company linked to the Stillers paid a recorded $66 million for the estate at 1350 N. Lake Way in 2023. The couple then carried out a major remodeling project, building records show. The seller in the 2023 deal was a company controlled by casino-and-resort mogul Steve Wynn. The new listing is the most expensive Palm Beach property being marketed in the Palm Beach Board of Realtors Multiple Listing service. Built in 2013, the seven-bedroom house faces about 150 feet of lake frontage and has a deep-water dock, the new listing says. The lot measures eight-tenths of an acre and is nine streets south of the inlet at the north tip of the island. In all, the house has about 17,000 square feet of living space, inside and out, according to the sales listing. Broker Christian Angle of Christian Angle Real Estate holds the listing. He declined to discuss the property, and the Stillers could not immediately be reached for comment. Robert Stiller co-founded and is the former CEO of the Keurig Green Mountain coffee empire. The company today is known as Keurig Dr Pepper Inc. The Stillers' ownership company — 1350 North Lake Acquisitions LLC — bought the two-story, Bermuda-style house in April 2023 after Wynn and his wife, Andrea Hissom Wynn, had remodeled it for resale. A Wynn-controlled company had paid $49 million for it in April 2021 as an investment property. Angle's sales listing went active May 13 and describes the 'pristine' estate as a 'rarely available' property on the Intracoastal Waterway. 'This rare and luxurious home boasts breathtaking lake and sunset views from all principal rooms,' the listing says. Among the home's features are stone and hardwood flooring, high ceilings and rooms filled with natural light, the listing says. The layout features two primary bedroom suites — one on the first floor and one on the upper level. The formal living room has a fireplace and French doors opening to a covered loggia, one of two that overlook the lakeside pool. The listing also mentions a library, a formal dining room with a butler's panty and a family room open to the breakfast area and kitchen. There's also a fully equipped 'professional chef's kitchen.' Wittmann Building Corp. of West Palm Beach was the contractor for the Stillers' renovations, according to courthouse records. Contractor Paul Wittmann declined to comment. The Stillers' company bought the house shortly after the couple sold their oceanfront mansion at 589 N. County Road for around $170 million — a deal that still holds the record as the most-expensive residential property ever sold in Palm Beach, the Palm Beach Daily News has confirmed. In the sale on North County Road, Angle represented the buyers, car car-dealership magnate Michael Cantanucci and his wife, Kimberly, while broker Lawrence Moens of Lawrence A. Moens Associates acted for the sellers. Moens handled both sides of the 2023 sale on North Lake Way. The house on North Lake Way was built by Palm Beach real estate developer and investor Patrick Carney and his wife, Lillian, who used it as a custom home for themselves. * To see more photos of 1350 N. Lake Way in Palm Beach, click on the photo gallery near the top of this page. This is a developing story. Check back for updates. Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly 'Beyond the Hedges' column. He welcomes tips about real estate news on the island. Email dhofheinz@ This article originally appeared on Palm Beach Daily News: Remodeled lakefront estate lists for $90 million in Palm Beach
Yahoo
08-05-2025
- Business
- Yahoo
Listed at $9.2 million, a 1950s Palm Beach house underwent a down-to-the-studs renovation
In 2003, when Scott and Marisa Vesley were engaged, they chose to buy a house at 225 Jamaica Lane on Palm Beach's North End. 'We purchased it from (the late) Richard (Cromie) and Margaret Cromie when they moved to North Carolina. He was the pastor of Royal Poinciana Chapel,' Marisa says, before her husband picks up the story about the house. 'And then, we completely rebuilt it,' Scott adds. 'We jackhammered the floors, put in new electrical and plumbing, HVAC, everything. It was basically a new house. We just kept the exterior walls.' The house had attracted them because they wanted to reside in the North End, where Marisa had previously lived, she explains: 'I was already in love with that area, and coming from Chicago, Scott fell in love with it, too.' On a lot of about a quarter acre, the house is the fifth one from the ocean on the second street north of the Palm Beach Country Club. The Bermuda-style house itself, Marisa recalls, was built in the early 1950s and lacked a pool. 'It only had two bedrooms with a shared bathroom plus an office, so when we took everything down to the studs and started over, we reconfigured the floor plan to include ensuite bathrooms for the two bedrooms,' she says. 'And the following year, we put in the pool and added the 1,000-square-foot primary suite as a separate sanctuary from rest of the house.' The result is that the overall layout 'now flows beautifully,' Marisa says. 'We've enjoyed entertaining family and friends.' But the Vesleys are ready for a change, and although they plan to stay in the area, they've decided to sell. 'I want to build a new home plus I want a lap pool with a spa — and I want a gym,' Scott says. Marisa says her husband has a keen design sense and understood what the house on Jamaica Lane needed from the get-go. 'He's very talented. He built his homes in Chicago, and he redid this one. He's excellent at design,' Marisa says. The Velseys have listed the four-bedroom, five-bathroom house — with 3,931 total square feet of living space, inside and out — through Corcoran Group agent J. Richard Allison II. It's priced at $9.2 million. A deep-pink front door opens into the foyer, which is flanked by the living room and an office. The office has a bathroom, so it could be repurposed to serve as a guest-bedroom suite. Foot traffic flows from the living room to the family room and a dining area, which accesses the pool-view covered lanai and the adjacent summer kitchen equipped with an Alfresco grill and rotisserie. The dining area is open to the kitchen with a breakfast space that the Vesleys use as a sitting room. This side of the house is also home to a cabana bath for the pool, a laundry room and a one-car garage. On the east side of the family room, a hallway accesses two guest bedroom suites and the primary suite. The latter includes a walk-in closet-and-dressing room finished in zebra wood along with a bathroom equipped with a steam shower. During their overhaul of the house, the Vesleys completely renovated the kitchen, which features a work island. 'All the built-in cabinetry is custom by our millworker in Chicago and (was) brought here,' Marisa says. 'He had done the millwork for my husband's home in Chicago.' In 2022, they refreshed the kitchen, 'I wanted to rework the layout a little, and we added new appliances and Walker Zanger Alhambra limestone countertops and backsplashes,' Scott says. Other recent improvements include the addition of a new tankless hot-water system and the replacement of the roof in 2023. They also replaced two of the three air-conditioning units this year. Interior details include French limestone floors; plantation shutters at the windows; tray ceilings in the living room, family room and main bedroom; and hand-blown Seguso glass fixtures from Venice. The family room features built-in cabinetry, and there's a projection/theater system in the main bedroom. The office suite has custom-designed wine storage for 300 bottles. Outside, the Vesleys' original renovations included new stucco for the walls, accented by wood details. They removed a circular driveway and installed a tabby one in front of the garage. They also enclosed the front yard within hedges and added tabby walkways. 'My husband installed Cashmere Zoysia grass, so we have beautiful green lawns, and I like to garden, so he had built two raised beds for me on the east side of the property where I can grow fruits and vegetables,' Marisa says. Although the Vesleys are excited about building a new home, they will always recall this residence's charms, she says. 'I will miss this house and the beauty and tranquility of the North End, with the proximity to town, the large beach (nearby) and the Lake Trail at the end of our street.' Scott adds: 'It's been a great house for entertaining. It's light filled, fun and a great party house.' He has also appreciated the house's smart-home technology 'with audio, visual, thermostats all controlled by an iPhone.' But he's ready to move on. 'I need a new project — I'm bored,' he says with a smile in his voice. To see more photos of 225 Jamaica Lane in Palm Beach, click on the photo gallery near the top of this page. For more than 20 years, Christine Davis has written about Palm Beach real estate in the "On the Market" feature in the Palm Beach Daily News. This article originally appeared on Palm Beach Daily News: Extensively renovated 1950s house lists at $9.2M in Palm Beach
