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Anthony And Lynda Lomangino Acquire Villa Flora In Palm Beach From Mary Ann And Harvey Kinzelberg For $76.73M

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SOLD
$76,730,000

Florida

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Single Family13,281 SF
Sold 02/02/2026
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SOLD

Anthony And Lynda Lomangino Acquire Villa Flora In Palm Beach From Mary Ann And Harvey Kinzelberg For $76.73M

260 North Ocean Boulevard

See Similar Deals
Single Family13,281 SF
Sold 02/02/2026
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$5,777
Total Square Footage:13,281 SF
Transaction Type:Sale

The property asset involved in this transaction is a single-family home located at 260 North Ocean Boulevard in Palm Beach, which sold for $76,730,000. This estate, known as Villa Flora, is a landmarked oceanfront mansion designed by Addison Mizner in 1923. It features eight bedrooms and nine baths within a spacious 13,281 square feet of living area. The lot encompasses approximately 2 acres and offers 200 feet of shoreline, along with notable Venetian Gothic-style frescoes and landmark protection.

Summary of transaction details:

The key individuals involved in this deal include buyers Anthony and Lynda Lomangino, who acquired the property from sellers Mary Ann and Harvey Kinzelberg, who originally purchased the estate in 2001 for $9.58 million. This off-market transaction showcases the enduring value of notable real estate within the Palm Beach market.

Players

Christian Angle
99 deals$2.7B volume(561) 659-6551
BROKER

Christian Angle Real Estate
BROKERAGE

Details

SOLD
IMAGE: Christian Angle DATE: 02/02/2026 ADDRESS: 260 North Ocean Boulevard MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Anthony Lomangino & Lynda Lomangino SELLER: Mary Ann & Harvey Kinzelberg BROKER: Christian Angle (@Angle_real_estate) - Christian Angle Real Estate SALE PRICE: $76,730,000 SF: 13,281 ~ PPSF: $5,777 NOTE: Anthony and Lynda Lomangino purchased Villa Flora, a landmarked 1923 Addison Mizner-designed oceanfront mansion in Palm Beach, for $76.73 million in an off-market deal, acquiring the eight-bedroom, nine-bath estate with 13,281 square feet of living space and a cabana/garage outbuilding. The sellers were Harvey and Mary Ann Kinzelberg, who originally bought the property in 2001 for $9.58 million; the estate includes about 2 acres, 200 feet of shoreline, and features notable Venetian Gothic-style frescoes and landmark protection.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$272,605.48
Cash-on-Cash Return-1.27%
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