Luxurious Seaside Home Sells for $38.75 Million on Palm Beach Billionaires Row

Introduction
A spectacular new property has just changed hands in Palm Beach, with the stunning seaside house at 1742 S. Ocean Blvd selling for $38.75 million. This unparalleled residence, located along the renowned Billionaires Row, was developed by Anthony Lomangino, a prominent figure in the trash and recycling industry.

Details of the Property

Key Features

• Size: Approximately 9,886 square feet of luxurious living space
• Bedrooms: Six spacious bedrooms
• Lot Size: Situated on three-fifths of an acre
• Architect: Designed by Harold Smith of Smith and Moore Architects
• Pool: Features a stunning swimming pool with a whirlpool spa, discreetly shielded from view by a surrounding wall

Architectural Design

The home showcases remarkable craftsmanship with:

• Elegant hardwood and marble floors
• Intricate detailed ceilings
• A grand foyer leading to a formal living room adorned with a beamed ceiling
• Additional spaces including a formal dining room, family room, and an office complete with built-in cabinetry

The kitchen offers a U-shaped work island with seating that provides "glimpses of the ocean," adding to the home’s allure.

Outdoor Spaces

The exterior encompasses:

• Covered loggias and balconies
• Landscaped grounds designed by John Lang of Lang Design Group in Lake Worth

Sales Overview

The sale was officially reported on June 23, with the property initially listed at $44.95 million. The transaction was handled by:

• Listing Broker: Christian Angle of Christian Angle Real Estate
• Buyer’s Agent: Suzanne Frisbie of the Corcoran Group

While the sale price of $38.75 million is confirmed in the MLS, the identity of the buyer remains undisclosed.

History of the Property

Development Timeline

• Acquisition: Lomangino purchased the lot for $10 million in March 2020.
• Previous Structure: The original 1987 contemporary house was demolished to make way for this luxurious residence.
• Construction Completion: The home was completed in 2022 and is characterized as a never-lived-in property.

Location Insights

• Situated about 1.4 miles south of Mar-a-Lago and opposite approximately 97 feet of vacant beachfront, only 50 feet of shoreline belongs to this particular property. The remainder is linked to a neighboring lakefront home.

About the Developer

Anthony Lomangino

• Background: Co-founded Southern Waste Systems/Sun Recycling LLC and has held leadership roles in various waste management operations.
• Recent Ventures: Lomangino is also known for his connections to U.S. Postal Service nominations and philanthropy.

Conclusion

The sensational sale of the seaside home at 1742 S. Ocean Blvd not only emphasizes the allure of residential real estate in Palm Beach but also highlights the high stakes associated with luxury developments in this exclusive location. Properties like these continue to draw attention from buyers around the globe, reflecting an ever-growing demand for stunning, meticulously designed luxury homes.

For further insights and more on real estate trends in Palm Beach, explore additional resources here.

This article aims to provide a comprehensive overview of the recent property sale, including details about the home itself and the larger context surrounding its development. As the luxury real estate market continues to evolve, these high-profile transactions remain a key interest for potential buyers and investors alike.