In a headline-grabbing luxury real estate transaction, a historic Palm Beach oceanfront mansion has just sold for approximately $76.7 million, highlighting the strength and prestige of waterfront properties in the world’s most desirable markets.
Trash and recycling industry executive Anthony Lomangino and his wife Lynda were the buyers in this noteworthy off-market purchase of the famed Villa Flora estate at 260 North Ocean Boulevard — a 2-acre compound designed in the Mediterranean style by celebrated architect Addison Mizner.
The 10,700-square-foot residence combines timeless architectural character and direct oceanfront access, making it one of Palm Beach’s most desirable historic homes. Its sale underscores continued robust demand for luxury coastal estates, even at record-setting price points.
Why This Sale Matters
- 🏖 Historic Value Meets Modern Prestige – Villa Flora’s rich architectural legacy elevates its market appeal, especially to high-net-worth buyers seeking trophy properties in Palm Beach.
- 📊 Strong Luxury Market Indicators – Closing prices near the $77 million mark reflect resilience in ultra-high-end real estate and continued confidence among affluent buyers.
- 🌴 Prime Oceanfront Location – Waterfront homes on North Ocean Boulevard consistently rank among the most coveted addresses in Florida’s coastal luxury market.
This transaction is yet another example of how historic charm and prime location continue to fuel some of the most headline-worthy sales in the South Florida real estate scene.
🔗 Read the original article:
“Trash tycoon pays nearly $77 million for historical Palm Beach Florida oceanfront mansion” – Palm Beach Daily News
➡️ https://www.palmbeachdailynews.com/story/business/real-estate/2026/02/02/trash-tycoon-pays-nearly-77-million-dollars-for-historical-palm-beach-florida-oceanfront-mansion/88418177007/