Luxurious Home on Chilean Avenue Fetches $11.5 Million in Palm Beach

In a notable real estate transaction, a New England car dealer has acquired a meticulously remodeled 1940s home along Chilean Avenue in Midtown Palm Beach, with the sale price reaching an impressive $11.5 million. This significant purchase, which includes both the main house and an accompanying guesthouse, was officially recorded on May 20.

A Prime Property

Property Overview:

• Location: 135 Chilean Ave, Palm Beach
• Sale Price: $11.5 million
• Bedrooms: 2 in the main house, 1 in the guesthouse
• Total Living Area: 2,847 square feet post-renovation
• Renovation Highlights:
  • Addition of a loggia
  • Installation of a plunge pool
  • Enhanced living spaces with modern amenities

The buyer, James “Jim” Langway, a businessman with new-car dealerships in Southern Vermont and Rhode Island, primarily deals with brands like Toyota, Chevrolet, Volkswagen, and Nissan. Langway, who also owns a residence in Osterville, Massachusetts, is making his debut purchase in Palm Beach County, as detailed in courthouse records.

“All you need is your toothbrush,” said the listing, emphasizing the home’s move-in readiness, with both bedrooms featuring en-suite bathrooms.

Renovation and Design

The house was extensively renovated before its recent sale, following its purchase for $9.27 million by a Florida limited liability company managed by real estate attorney Maura Ziska. The renovation process, which gained praise from the Architectural Commission in 2019, transformed the property into one of the few remaining one-story structures in its vicinity.

Design Highlights:

• Architect: Henry Harding, who originally designed the house in 1941
• Key Contributors:
  • Patrick W. Segraves of SKA Architect+Planner
  • Chip Janssen of Janssen Construction Corp.
  • Landscaping by Parker-Yannette Design Group

Features Include:

• A significant increase in living space due to a 900-square-foot addition
• A guesthouse equipped with its own appliances, bathroom, and walk-in closet, allowing for complete privacy
• An outdoor fireplace within the guest cabana area

Market Insights

Originally listed for $11.95 million on April 9, the property went under contract shortly after, with the sale closing on May 19. This swift transaction underscores the high demand for prime real estate in Palm Beach, particularly in sought-after areas like Chilean Avenue.

Key Takeaways:

• The renovated property was highly sought after, leading to a quick contract.
• The market in Palm Beach continues to thrive, reflecting interest from affluent buyers.

Conclusion

The sale of the renovated house on Chilean Avenue highlights not only the appeal of Palm Beach real estate, but also the transformative potential of thoughtful renovations in valuable locations. For anyone interested in luxury real estate, this sale sends a clear message about the ongoing desirability of properties in this elite market.

For more intriguing real estate news and updates, explore resources like Realtor.com and Zillow for the latest listings and market analysis.

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