In a remarkable headline-making luxury real estate transaction, a historic Palm Beach oceanfront “trophy estate” known as Villa Flora has sold for approximately $76.7 million, underscoring continued strength and demand in the ultra-high-end market.
Located at 260 North Ocean Boulevard, this 2-acre compound — designed in 1930 by famed architect Addison Mizner — was purchased in an off-market deal by waste-management executive and longtime real estate buyer Anthony Lomangino and his wife Lynda Lomangino. The couple has significant ties to South Florida real estate and other high-profile properties.
What Makes This Sale Significant
- 🏖 Historic Mediterranean-Style Architecture – Villa Flora’s Mizner design is emblematic of Palm Beach’s classic architectural heritage, blending Old World sophistication with coveted oceanfront living.
- 📈 High-End Off-Market Demand – The nearly $77 million price tag highlights robust buyer interest in premier Palm Beach estates, even when the sale happens privately rather than on the open market.
- 🤝 Experienced Luxury Buyers – The Lomanginos have a track record of investing in notable Palm Beach properties, reflecting the enduring appeal of waterfront real estate on the island.
This latest high-end sale adds to a string of upscale transactions in Palm Beach’s busy real estate season — reinforcing the area’s status as one of the nation’s most exclusive luxury markets.
🔗 Read the original article:
“‘Trash kingpin,’ Trump appointee Anthony Lomangino drops $77M on Palm Beach trophy estate” — The Real Deal
➡️ https://therealdeal.com/miami/2026/02/02/trash-kingpin-buys-77-million-palm-beach-trophy-estate/