Prime Real Estate in Palm Beach: House Listed in Mar-a-Lago Security Zone
Introduction to 112 Algoma Road
The picturesque 112 Algoma Road, located in the exclusive Mar-a-Lago security zone, has recently hit the market. Priced at $12.5 million, this property is attracting attention not only for its potential as a luxury home but also as a promising tear-down opportunity.
Key Features of the Property
Overview
- Location: 112 Algoma Road, Palm Beach
- Price: $12.5 million
- Type: Single-family home and land potential
- Size: 2,930 square feet
- Lot: Approximately one-third of an acre
- Construction Year: 1952
- Bedrooms: 4
- Additional Features: Swimming pool and deeded beach access
Unique Selling Points
- Beach Proximity: The house is the third from the ocean, allowing for quick access to the sandy shores.
- Privacy: Situated in a zone that limits through-traffic when President Trump is in residence at his nearby club, this property offers a "truly elite level of privacy," as noted by agent Margit Brandt of Premier Estate Properties.
Long Family Heritage
The house has been a cherished home for nearly 45 years, having been acquired in 1981 for $385,000. It remains in the same family, held in trust by Joyce S. Vaughn, whose late husband was a respected management-consulting executive.
Market Dynamics in Palm Beach
Real Estate Trends
The property at 112 Algoma Road is currently the only dry lot available in Palm Beach’s esteemed Estate Section, a fact that heightens its appeal to potential buyers. Since December, several properties within the Mar-a-Lago security zone have changed hands, with sales spanning from $12 million to $27.5 million. Among them, a never-lived-in five-bedroom home at 130 Algoma Road sold for $14.3 million.
Comparative Listings
For those considering options in the vicinity, note the following active listings:
- 160 Clarendon Avenue: Offered at $48.85 million
- 1048 S. Ocean Boulevard: Priced at $23.95 million
- 142 Via Palma: A four-bedroom home under contract for $18.95 million
These significant figures illustrate the sustained demand for Palm Beach real estate, despite fluctuating market conditions.
Security Measures
The property is governed by rigorous security protocols, especially when Trump is present at Mar-a-Lago. During such times:
- South Ocean Boulevard is closed to through traffic.
- Only property owners, authorized visitors, or service workers can access the area.
This added layer of security dramatically enhances the privacy of this elite neighborhood and contributes to its allure.
Conclusion
112 Algoma Road stands as a prime opportunity for those looking to invest in one of the most coveted areas in the world. With its strategic location, rich history, and private surroundings, it’s a unique offering in today’s competitive real estate market.
For further information about this property and others in the area, explore listings on platforms like Zillow and Realtor. If you are interested in learning more about the investment potential in Palm Beach real estate, do not hesitate to reach out to a qualified local realtor.