When architect Maurice Fatio was commissioned to build ‘Il Palmetto’ in 1930, the 5.46± acre Ocean-to-Lake estate was declared exceptional. Years later, Fairfax and Sammons oversaw a 4 year meticulous restoration of the Italian Renaissance-style palazzo, Il Palmetto’s architectural detail was maintained. This magnificent property includes a restored Italian Renaissance mansion, a beach house and a boat house.
Landmarked by the town of Palm Beach, the mansion which is designed as a series of pavilions connected by cloisters, measures about 60,350 square feet with six bedrooms, two elevators and 50-foot living room with an elaborately carved wooden ceiling and architecturally-framed sunset views over Lake Worth.
A 20,000-bottle carved limestone wine cellar, exercise room and spa, second wine cellar for 1,000 additional crates plus the Moroccan room offer exquisite indoor/outdoor entertaining.
Private underground tunnel below A1A leads to 2 bedroom, 3 bath beach house featuring a kitchen and sitting room framing an infinity-edge swimming pool that blends into the turquoise waters of the Atlantic. A seawall affords protection and stairs for beach access. The lakefront boat house is equipped with 2 state-of-the-art motorized boat launches with a 2 bedroom, 2 bath guest apartment above.
This sprawling estate is owned by Netscape co-founder Jim Clark, and is listed by Sotheby’s International Realty. It can be yours for $137 million.
This price is likely the highest ever advertised for a Palm Beach residential property. It leads the $125 million price tag Donald Trump set for his investment estate at 515 N. County Road, which the 45th President of the United States sold in 2008 for a recorded $95 million in Palm Beach’s largest single-seller/single-buyer deal.