Home South Florida News South Florida Business Palm Beach’s Villa Tranquilla sells for $36 million

Palm Beach’s Villa Tranquilla sells for $36 million

Palm Beach’s Villa Tranquilla sells for $36 million

The restored Palm Beach mansion, Villa Tranquilla, designed by renowned architect Addison Mizner, sold for just over $36 million, according to a filed deed.

The Palm Beach County Clerk’s office records show that Oceanic Place Properties LLC, which is reportedly tied to New York energy businessman Leslie J Gelber, sold the home to an undisclosed buyer.

Famous designer Vera Wang‘s father the late Cheng Ching Wang, previously owned the Mediterranean-style estate.

He purchased the home in 1996 for $4.75 million. Following his death in 2006, the mansion was left to Vera and her brother, Kenneth. The siblings transferred ownership of the home to Oceanic Place Properties LLC in 2008.

The home was originally built in 1928 and expanded in the 1940s under the direction of architect Marion Sims Wyeth. It was thoroughly restored and updated in 2013 by architect Jeffery Smith, according to Sotheby’s website. Cristina Condon, of Sotheby’s International Realty, was the listing agent.

The estate’s features include a five-bedroom primary residence, a one-bedroom guesthouse and two-bedroom staff quarters. There are 12 bathrooms, a home theater, salt water pool and a three-car garage.

Pillars in the home were restored using a mold from Mizner’s original work, tile in the garden room was imported from Portugal and the coffered ceilings in the library/sitting room are original, Condon told the Sun Sentinel in a telephone interview.

“The kitchen floors were imported from a [European] castle,” Condon said.

Villa Tranquilla’s notable price tag isn’t the most expensive property sold this year in Palm Beach County.

In April, a home at 60 Blossom Way sold for about $77 million. The residence was purchased by 60 Blossom Way Trust – which has been tied to billionaire Frank H. McCourt Jr.


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