SOLDSingle Family
Thomas J. Swann III Acquires Casa Giravento In Palm Beach For $43.25M With Patricia Mahaney
115 Via La Selva
$43,250,000
$3,365/SF
Building Size
12,853 SF
Asset Type
Single Family
Closing
Jun 4, 2026
AI
The property asset involved in this transaction is a landmarked 1927 Mediterranean Revival estate known as Casa Giravento. It is located at 115 Via La Selva in Palm Beach, FL, and encompasses 12,853 square feet. The estate was sold for $43.25 million, reflecting a price per square foot of $3,365.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $43,250,000
- Address: 115 Via La Selva
- Market: Palm Beach, FL
- Square Footage: 12,853
- Price per Square Foot: $3,365
- Buyer: Thomas J. Swann III
- Seller: Philip B. Korsant & Catherine Korsant
- Buyer’s Representative: Patricia Mahaney - Sotheby's International Realty
- Seller's Representatives: Suzanne Frisbie, Paulette Koch & Dana Koch - The Corcoran Group
The transaction marks a significant gain for the sellers, Philip B. Korsant and Catherine Korsant, who purchased the estate in 2017 for approximately $14 million. The property was previously listed for $49.5 million before the sale was finalized.
Players
Winter Springs Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93