Known as the most expensive home located in Palm Beach, La Follia is a 37,500-square-foot real estate: the perfect luxury mansion for someone with a luxury lifestyle and for someone who wants to have President Trump as one of their neighbors.
This $100 million mansion – La Follia – was the expensive home of investment-bank heiress and Broadway producer Terry Allen Kramer. Built 24 feet above sea level, the amazing architectural building boasts 210 feet of private, sandy beachfront, along with a 2.1-acre grassy lot across South Ocean Boulevard, giving access to a large boat dock.
With a unique design, La Follia, the only direct ocean-to-lake real estate on Palm Beach, is supreme as one of the most stunning luxury homes on the Island. This Italian Renaissance modern house is reminiscent of the Palm Beach’s heyday Fatio Era of the 1920s and offers overwhelming views of both the Atlantic Ocean and the Intracoastal Waterway.
The expensive home resonances a feel of glamour beginning with the entrance, marked by a magnificent wrought-iron gate, decorative archway, and imperial elephant sculptures, leading through a canopy of Banyan trees to the “porte-cochere”, and into a two-story coquina limestone entrance foyer.
The sun-drenched pool cabana, lined with the stepped terraces and lush landscaping of the descending gardens, frame the sensational views of Intracoastal Waterway and lend a sentiment of a true Italian country Villa. This expensive home is such a remarkable place!
All important aspects of this expensive home and marvelous waterfront property give the place a true sense of formality and timeless appeal. The Italianate style main residence boasts 25-foot high ceilings, light-filled living spaces, extensive exterior loggias, and wonderful views of the ocean.
Off the main hall of this expensive home, the ornate guest wings, which overlook the pool, are entered through the Mizneresque Via and offer four beautiful private suites connected by arched courtyards and bronze fountains.
With a contemporary interior design and placement by renowned architect Jeff Smith, the main hall opens to reveal the multiple grand living areas on the first floor. Inside this expensive home, it’s possible to get amazed by weaving elegant details such as tri-colored marble floors, intricate coffered paneled ceilings and custom millwork with the indigenous and natural materials of stone.
Inside this expensive home, there are two-story marble-lined entrance foyer leads to a multitude of living and entertaining rooms, including a movie theater, and cozy, wood-paneled “gentlemen’s club” with a well-stocked bar and red leather bar stools with a contemporary design.
Outside this expensive home, there are manicured lawns, a sun-drenched pool and cabana, a spacious fitness center and five-car garage.