A landmark Palm Beach estate has reentered the luxury market following an extensive restoration that saved it from near destruction. Originally impacted by repeated flooding, the waterfront property has been elevated and meticulously rebuilt, positioning it as both a historic and future ready investment. Its return highlights the growing demand for resilient, legacy level luxury homes in prime coastal markets.
• The historic Palm Beach mansion is listed at $157 million, reflecting an $18 million price adjustment
• Originally built in the 1920s by renowned architect Addison Mizner, a defining figure in South Florida design
• The 21,534 square foot estate features 15 bedrooms, a theater, infinity pool, tennis court, and private dock
• The property was elevated to 11 feet above sea level after years of flood damage to ensure long term protection
This listing represents more than luxury, it signals a shift toward preserving architectural heritage while adapting to modern environmental realities. High end buyers are increasingly prioritizing both legacy and longevity.
By: Mary K. Jacob | New York Post | April 15, 2026
Photo: Courtesy of Premier Estate Properties
