An oceanfront mansion that once belonged to Broadway producer Terry Allen Kramer has been put on contract to sell for more than $100million, making it the most expensive single-home sale in Palm Beach.
The sale is expected to be a trade deal between $110million and $120million and would beat out the current record holder - the $95million sale of Donald Trump's mansion to Russian billionaire Dmitry Rybolovlev in 2008.
Known as La Follia, the compound first hit the market in October 2018 for $135million. Kramer paid $4million for the property in 1993, building the mansion on the land in 1995.
The 'Kinky Boots' producer died in May at the age of 85.
The listing is being handled by five agents from Douglas Elliman Real Estate: Gary Pohrer, Ashley McIntosh, Lisa Wilkinson, Cara McClure and Adam McPherson.
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The sale of La Follia is expected to be between $110million and $120million and would beat out the current record holder for the most expensive home in Palm Beach
The compound first hit the market in October 2018 for $135million. Terry Allen Kramer paid $4million for the property in 1993, building the mansion on the land in 1995. She died in May at the age of 85
Lawrence Moens of Lawrence A. Moens Associates Inc. is representing the buyer, the Real Deal reports.
Just before her death, Kramer is said to have rejected an offer from Casino magnate Steve Wynn.
The vast property covers five acres and comprised of 37,516 square feet and has a staggering 13 bedrooms in total - with the master bedroom being 4,500 square ft.
The master suite is marvelous. It comes with his and hers bathrooms along with dual dressings rooms and even an office space.
Larger than life: The vast property covers five acres and comprised of 37,516 square feet
Plenty of space! The master bathroom comes with his and hers bathrooms along with dual dressings rooms and
