10/26/2015

SOUTHAMPTON FORMER ART DECO THEATER BUILT IN 1930 FOR SALE FOR $35,000,000

 



Built around 1930 by socialite Ethel Tyng, the auditorium had 20’+ high ceilings and a cork floor for acoustics and in its latest life became a stunning Great Room. “Houses of the Hamptons, 1880-1930” states that as a theater presentations included concerts, plays and other performances.  The estate must have been a Southampton hub of culture.

CBS Founder, William S. Paley, is a former owner.  Paley was a glamourous figure, a visionary who made CBS a dominant force in radio and tv.  This estate was an impressive showcase, and not Paley’s only residence.

Located on seven acres, the three-bedroom, 5500 sq ft house encompasses a pool, pool house, guest cottage, garage with staff quarters, greenhouse and caretaker’s cottage.

The style of the day was Art Deco, and in keeping with that style, some details remain such as a peacock insert on the front door.


Now owned by a former Morgan Stanley Managing Director, who bought Paley’s property in the 1990’s, the seller says it is on the market now because, “we just think it’s time.”

Looking for a historic home?  There are currently six properties in Palm Beach and one in Gulf Stream that are listed for between $11,900,000 and $59,000,000.  Other historic homes in Palm Beach County are listed from $34,900 (2 bedrooms, 1 bath, 800 sq ft) and up.  For more information and showings, or to learn more about listing your property, contact Marilyn Jacobs at 561-302-3388.  Marilyn is with Weichert Realtor Health & Joseph in Wellington, Florida.

10/12/2015

1930's GEORGIAN-STYLE PALM BEACH HOUSE UP FOR AUCTION




Georgian-style 201 Banyan Road, a block from the Lake Worth Lagoon with deeded beach access, was built in 1930 but renovated and expanded.  6 bedrooms, 8026 total sq ft, on northwest corner of South County Road. 
Property will be auctioned in Manhattan at 7 pm, November 11 at the St. Regis Hotel, 2 E 55th St in Manhattan, 6 pm is registration.  Reserve price is $7MM and must be sold for that amount or more.  However, owner has option to sell it for less and winning bidder will pay a 5% premium.  Should close in 21 days. 
Potential buyers must pre-register with $350,000 deposited in an escrow account to be able to bid – can be by phone or via a representative.  Saturdays thru Nov 7, bidders can tour the house by appointment.  For more details call Marilyn at 561-302-3388. Beautiful historic property.