Landmarked Bardes home fetches $12 million

December 11, 2014 - photo frame

Longtime Palm Beacher Merrilyn Bardes’ home during 196 Banyan Road, among a initial houses ever to acquire landmark insurance from a town, has altered hands in a $12 million sale available Monday.

Financier Robert Frank Agostinelli bought a 1929 residence in a Estate Section, according to a deed, that was antiquated Dec. 4 and sealed by Bardes on interest of a trust that owned a property.

Designed by remarkable multitude architects Gustav Maass and John Volk for owners Harry Thomas, a Mediterranean-style residence — famous as “La Loma” — stands during a southeast dilemma of South County Road on a lot measuring scarcely an acre. With many of a strange architectural sum intact, a L-shaped residence has 3 stories, 7 bedrooms and 13,077 block feet of vital space, inside and out.

“I suspicion a residence was enchanting when we bought it (in 1997), and we still consider it’s magical,” Bardes told a Daily News progressing this year in an essay about a property.

The city postulated a residence landmark insurance in Jul 1979, shortly after adopting a landmarking ordinance.

Agents Cristina Condon and Todd F. Peter of Sotheby’s International Realty had co-listed a residence during $14.5 million in February. Condon also represented Bardes when she downsized in Sep 2013, profitable a available $7.45 million for a 6,000-square-foot residence during 126 Casa Bendita.

In this month’s sale, Broker Christian J. Angle of Christian Angle Real Estate represented a buyer.

Agostinelli co-founded a tellurian private-equity organisation Rhône Group, that manages about $8.5 billion from offices in New York City and London, according to Forbes.com. Agostinelli is from Rochester, N.Y. He has owned an unit in downtown West Palm Beach given 2006, according to skill records, and his Forbes autobiography lists other homes in New York, London and Paris.

Agostinelli and Bardes could not be reached. Citing a confidentiality agreement, Angle declined to yield sum about a understanding though did contend his customer “is looking to suffer a home for years to come.”

An zealous gardener, Bardes combined elaborate terraced gardens during a back of her property, where she has hosted a series of fundraisers, including advantages for Mounts Botanical Garden. The gardens also have been respected with inclusion in a Garden Club of America’s repository during The Smithsonian Institution.

Bardes is from a Cincinnati industrial family headed by her late father, Oliver Louis Bardes, who spent time in Palm Beach. Her late mother, Olivia Bardes Kiebach, and stepfather, a late Walter S. Kiebach, also had a home on a island. Merrilyn Bardes’ ex-husband is Washington, D.C., profession Thomas Quinn. Their children embody internal restaurateur Piper Quinn.

Among a features, La Loma has cinquefoil arched windows propitious with leaded glass; cast-stone decorations; and a double staircase with a wrought-iron vituperation and musical tile risers. The vital room is minute with a noble fireplace, Cuban-tile floors and a coffered roof patterned after one in a Spanish residence in Salamanca.

“I consider it’s one of a prettiest vital bedrooms in Palm Beach. It’s only a pretentious property,” pronounced Condon, who also declined to yield specifics about a sale.

In a Daily News article, Bardes pronounced she did not lift out vital interior renovations, nonetheless she did mix a breakfast room and bar into a singular family room.

A news created as partial of a town’s landmarking routine pronounced a residence was generally important since of a year it was built: “It was assembled after a hurricanes of 1926 and 1928, and only as a financial fall of 1929 began. It represents one of a final exuberant and costly estates to be built in Palm Beach.”

The skill was once owned by a late Therese and H. Loy Anderson Sr. Two other families owned it before Bardes bought it for a available $3.9 million, skill annals show.

Bardes bought her North End residence on Casa Bendita from a Delaware association related to Palm Beachers Barbara and Randall Smith. Sotheby’s representative Tina Roberts represented a seller of a four-bedroom house.

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