A sprawling Florida mansion right down the street from Mar-a-Lago just sold for more than $110 million, and it broke a real-estate record Trump set back in 2008

The Billionaires' Row mansion has 210 feet of private beach.

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The Billionaires’ Row mansion has 210 feet of private beach.
source
Douglas Elliman

A sprawling Florida mansion just sold for more than $110 million, breaking a real-estate record set by President Trump back in 2008, the Palm Beach Daily News reported.

The Italian Renaissance-style estate, which belonged to late Broadway producer Terry Allen Kramer, is the most expensive single-family home ever sold in Palm Beach. The previous record was the sale of Trump’s home for $95 million to a Russian billionaire in 2008.

Kramer’s former property, which was listed in October 2018 for $135 million, includes 210 feet of private beach, fruit orchards, canopies of Banyan trees, a luxury fitness center, pool and cabana, lush gardens, and a private boat dock.

The mansion is located at 1295 S. Ocean Blvd. in the Billionaires Row area of Palm Beach, Florida, on South Ocean Boulevard, only half a mile from Donald Trump’s Mar-a-Lago resort. It’s also a neighbor of billionaire Ken Griffin, who spent $250 million assembling an estate on the same boulevard, as Business Insider’s Lina Batarags previously reported.

The listing agents were Gary Pohrer, Ashley McIntosh, Cara Coniglio McClure, Lisa Wilkinson, and Adam McPherson of Douglas Elliman.

Here’s a look at the expansive property.


A sprawling estate in the “Billionaires’ Row” area of Palm Beach, Florida, just sold for more than $110 million, breaking the record for the most expensive single-family home sale ever in the affluent town.

source
Douglas Elliman

Source: Palm Beach Daily News


The property is only a one-minute drive or a 10-minute walk to Donald Trump’s Mar-a-Lago club.

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Joe Raedle/Getty Images

Source: Google Maps


It’s also a neighbor of billionaire Ken Griffin, who spent $250 million assembling an estate at 1265 S. Ocean Blvd.

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Google Maps

Source: Business Insider, Google Maps


The property belonged to late Broadway producer Terry Allen Kramer, who died in May 2019 and was known for producing shows like “Kinky Boots” and “Evita.”

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Kramer at a party in New York City in 2008.
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BILLY FARRELL/Patrick McMullan via Getty Images

Source: Wall Street Journal, The New York Times


Along with her late husband, Kramer had the estate built in 1995 to look like an Italian Renaissance-style palazzo.

source
Douglas Elliman

Source: Wall Street Journal


The entrance to the estate, called “La Follia,” is marked by an opulent wrought-iron gate and a pair of elephant sculptures.

source
Douglas Elliman

Source: Douglas Elliman


The driveway, shaded by a canopy of Banyan trees, leads to the porte cochere, a type of covered entrance.

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Douglas Elliman

Source: Douglas Elliman


The porte cochere allows residents to be protected from the elements between getting out of a car and going inside the house.

source
Douglas Elliman

Source: Douglas Elliman


The limestone entrance foyer features 25-foot tall ceilings, a chandelier, and decorative archways.

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Douglas Elliman

Source: Douglas Elliman


The foyer opens into multiple living areas on the first floor.

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Douglas Elliman

Source: Douglas Elliman


The home offers 20,411 square feet of total living space.

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Douglas Elliman

Source: Douglas Elliman


A wood-paneled gentleman’s club room includes a fireplace and its own bar.

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Douglas Elliman

Source: Douglas Elliman


It was designed by renowned Palm Beach architect Jeffrey Smith.

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Douglas Elliman

Source: Douglas Elliman


The house has several dining areas, including a space with two round tables and a fireplace …

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Douglas Elliman

Source: Douglas Elliman


… and an even more intricate and light-filled space.

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Douglas Elliman

Source: Douglas Elliman


The kitchen features white cabinets and stainless steel appliances including a large gas range.

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Douglas Elliman

Source: Douglas Elliman


The main house comes with four private suites …

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Douglas Elliman

Source: Douglas Elliman


… with private bathrooms.

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Douglas Elliman

Source: Douglas Elliman


There’s one lavish master suite …

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Douglas Elliman

Source: Douglas Elliman


… with an exceptionally spacious en suite bathroom.

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Douglas Elliman

Source: Douglas Elliman


A fitness center is located near the pool area.

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Douglas Elliman

Source: Douglas Elliman


The home blends indoor and outdoor living with several living spaces that open to the outdoors.

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Douglas Elliman

Source: Douglas Elliman


Outside, you can find plenty of spaces for al fresco dining …

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Douglas Elliman

Source: Douglas Elliman


… or lounging and entertaining.

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Douglas Elliman

Source: Douglas Elliman


The guest wings overlook the estate’s pool …

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Douglas Elliman

Source: Douglas Elliman


… complete with a cabana and lounge chairs.

source
Douglas Elliman

Source: Douglas Elliman


The estate’s listing notes that it was built 24 feet above sea level, allowing for unobstructed sea views.

source
Douglas Elliman

Source: Douglas Elliman


Situated on a skinny strip of land between the sea and Lake Worth lagoon, the home is the only direct ocean-to-lake estate on Palm Beach, according to the listing.

source
Douglas Elliman

Source: Douglas Elliman


La Follia comes with 210 feet of private beach …

source
Douglas Elliman

Source: Douglas Elliman


… and lush, landscaped gardens.

source
Douglas Elliman

Source: Douglas Elliman


With its sale for more than $110 million, La Follia is the most expensive home ever sold in Palm Beach. The previous record was held by the $95 million sale of Donald Trump’s Palm Beach home to Russian billionaire Dmitry Rybolovlev in 2008.

source
Douglas Elliman

Source: Wall Street Journal