MIZNER-DESIGNED LA BELLUCIA SALE MAKES 2009 RECORD

 

 

Listed for $27.5MM, this beautiful storied mansion in Palm Beach was the county’s largest sale on record in 2009.  The home was built in 1920 and named by owner, a physician and capitalist, Willey J. Kingsley, for his wife, Lucy, who founded the Garden Club of Palm Beach 

The mansion was owned later by Ailsa Mellon Bruce, termed in the 1950’s Forbes magazine as the richest woman in the United States. Then it sat on an isolated stretch of beach. The house is now subject to code enforcement actions by the Landmarks Preservation Commissioners. There are 9 bedrooms in the 12,000 sq ft estate on 3.8 acres and sits on a ridge with 234 feet of oceanfront land. The property is located at 1200 South Ocean Boulevard.

The new owner, now a real estate mogul, once waited tables at The Breakers to earn money for college.  The Mizner mansion was formerly owned by NFL Tampa Bay Buccaneers owner Malcolm Glazer.  Glazer owns another home on South Ocean Boulevard, and had planned to remodel this property, but instead decided to sell. 

There are 10,000 full-time residents and an additional 20,000 in town during peak season which is November through April.  The highest price ever paid for a private residence in America went to Ronald O. Perelman in 2009 for $70MM for his oceanfront mansion.