House For Sale – The ocean-to-lake estate of investment-bank heiress and Broadway producer Terry Allen Kramer is for sale at $135 million in Palm Beach, real estate sources confirm.
Kramer’s estate encompasses nearly 5 acres, a half-mile south of Mar-a-Lago, President Donald Trump’s winter White House, on the section of the coastal road nicknamed Billionaires Row.
With 37,516 square feet and 13 bedrooms, Kramer’s Italian-style house faces the water at 1295 S. Ocean Blvd. The oceanfront lot measures more than 2.61 acres and has about 206 feet of beachfront, property records show. The property includes a non-addressed vacant lakeside parcel, which adds another 2.11 acres, west of the coastal road, property records show.
The property is not listed in the Palm Beach Board of Realtors Multiple Listing Service. The Wall Street Journal on Monday reported the house, known as La Follia, is for sale.
Douglas Elliman Real Estate is representing the property. The listing agents on the sales team include Gary Pohrer, Ashley McIntosh, Cara Coniglio McClure, Lisa Wilkinson and Adam McPherson.
Last year, the Kramer estate ranked No. 9 on the Daily News’ annual list of Palm Beach estates with the highest property taxes. The two properties were assigned a total market value of $64.71 million in the 2017 tax rolls and assessed a total tax of $829,083.
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Kramer estate on Billionaires Row in Palm Beach for sale at $135 million