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260 North Ocean Boulevard

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

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

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:

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

Christian Angle Real Estate

Broker

$2.7B

vol

99 deals

Broker
Christian Angle Real Estate
Christian Angle Real EstateBrokerage

Anthony Lomangino

Buyer

$175.3M

vol

5 deals

Buyer

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

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