A lavish estate in posh Palm Beach that harkens back to a bygone era has landed on the market with a price that reflects today’s realities. Offered for $49.5 million, the property is this week’s most expensive new listing on realtor.com®.
Dubbed La Solana, the “iconic” home was originally built in 1926 by the Palm Beach architect Marion Sims Wyeth.
According to the listing details, the current owner has completely updated the Mediterranean villa over the last 30 years.
The most recent renovation of the western portion of the home finished in 2016.
“Rarely does one have the chance to purchase such an important estate on Palm Beach,” the listing description notes.
Walk through the arched entry into a quiet courtyard and you’ll be swept back in time. The layout features details such as cypress-coffered ceilings, which are stenciled using the technique of lime paste resist.
Other luxe details include wood paneling, ornate columns, and imposing fireplace mantles.
Spanning almost 20,000 square feet, the spacious spread includes 16 bedrooms, 17 full bathrooms, and five half-bathrooms. Many of the rooms open out to a tranquil courtyard.
The Old World-style estate has the feel of a personal resort. Simply invite your favorite friends and family, and enjoy a serene setting without leaving home.
Other details in the two-story layout include arched windows, wide hallways, and stone flooring.
The eat-in, modern kitchen includes stainless-steel appliances and a breakfast area. A formal dining room looks out to the grounds. Multiple luxe living spaces include a living room, family room, and a den with its own bar.
Set on almost an acre, the lush grounds feature manicured gardens and fountains, a heated pool and spa, and grassy lawn. A covered patio allows for lounging and dining.
Best of all? The waterfront property is located across the street from the white sand beach.
Gary Pohrer with Douglas Elliman-Palm Beach holds the listing.