Luxurious Property on Chilean Avenue Sells for $11.5 Million

The marvelous residence located at 135 Chilean Avenue has recently attracted attention after being sold for $11.5 million. This significant transaction was recorded on May 20, 2023, further solidifying Palm Beach’s status as a luxurious real estate hotspot.

Recent Renovations Enhance Property Value

Over the years, this 1940s-era home underwent extensive remodeling, last changing hands for $9.27 million in 2022. The renovations added a spacious loggia and a stylish plunge pool, greatly enhancing the outdoor living experience. Below are key features of the property:

• Main House: Two bedrooms, each with en-suite bathrooms
• Guesthouse: One-bedroom cabana with self-sufficient amenities
• Total Space: 2,847 square feet after renovations
• Exterior Features: Outdoor fireplace in the guesthouse and beautiful landscaping

The home was sold fully furnished, with the listing price initially set at $11.95 million before it went under contract within weeks.

Newly Acquired by Notable Buyer

The buyer, James "Jim" Langway, a New England car dealer, has a historical connection to luxury properties. Langway operates multiple new-car dealerships across Southern Vermont and Rhode Island, selling brands like Toyota, Chevrolet, Volkswagen, and Nissan. The acquisition marks Langway’s entry into the Palm Beach real estate market, making this his first property in the county.

A Trusted Real Estate Team

The property was sold by a limited liability company named after its address, 135 Chilean LLC. Managed by Maura Ziska, a seasoned real estate attorney, Ziska not only handled the sale but also represented both parties. The renovation was crafted by Patrick W. Segraves from SKA Architect+Planner, along with contractor Chip Janssen of Janssen Construction Corp. and Parker-Yannette Design Group for landscaping.

Architectural Highlights

Originally built in 1941 under the design of architect Henry Harding, the house features a distinctive projecting front wing with a gabled roof, adding to its charm. The renovations received praise from the Architectural Commission, with former Commissioner Robert N. Garrison remarking on its "charming" transformation.

Noteworthy Features Include:

• Detached Guest House: Provides complete privacy with its own appliances and bathroom
• Landscaped Outdoor Areas: Ideal for entertaining
• Location: Positioned two blocks south of Worth Avenue, a prime area in Palm Beach

Market Context

Current listings show that properties in Palm Beach, particularly on Chilean Avenue, are in high demand due to their luxurious features and amenity-rich locales. This recent sale not only highlights the upscale nature of the area but also marks a robust interest in real estate investments in South Florida.

Conclusion

The sale of 135 Chilean Avenue signifies a vital moment in Palm Beach’s real estate landscape, showcasing the blend of modern renovations and classic architectural appeal. As property values continue to rise, it’s clear that luxury living in this area remains highly sought after.

For more information about luxury real estate opportunities in Palm Beach, check out resources like Realtor.com and Zillow.