What's Happening?
A historic home in Palm Beach's Major Alley has sold for $9.2 million after being off the market for 24 years. The two-bedroom residence, designed in a British Colonial style by architect Howard Major in 1925, was sold by the estate of the late Katherine Boldin-Wienert. The sale was conducted privately, and the buyer is a Florida limited liability company. Major Alley is known for its distinctive Bahamian architectural flair and is one of the first properties in Palm Beach to receive landmark status, protecting its exterior from alterations.
Why It's Important?
The sale of this property underscores the enduring appeal and high value of historic homes in exclusive areas like Palm Beach. It reflects the strong demand for unique, architecturally significant residences, even in a market where such properties rarely change hands. This transaction highlights the importance of preserving architectural heritage while also catering to the luxury real estate market. The sale may influence property values in the area and attract further interest in historic homes.
