Updated Feb 4, 2026
Anthony And Lynda Lomangino Acquire Villa Flora In Palm Beach From Mary Ann And Harvey Kinzelberg For $76.73M
260 North Ocean Boulevard
$76,730,000
$5,777/SF
Building Size
13,281 SF
Asset Type
Single Family
Closing
Feb 2, 2026
About this deal
AI
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:
- Property Type: Single Family
- Transaction Amount: $76,730,000
- Sale Date: 02/02/2026
- Buyer: Anthony Lomangino & Lynda Lomangino
- Seller: Mary Ann & Harvey Kinzelberg
- Broker: Christian Angle - Christian Angle Real Estate
- Square Footage: 13,281
- Price per Square Foot: $5,777
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.
On the Map
$76,730,000
$5,777/SF
Single Family
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Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $5.8K per square foot on a published $76.7M for 13,281 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93