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New listing near Mar-a-Lago in Palm Beach sparks strong interest, agent says

Posted On: 07-27-2018

Price it right, and they will come.

That, at least, was the philosophy of Douglas Elliman Real Estate agent Guy Clark regarding his new listing at 113 Kings Road, a couple of streets north of President Donald Trump’s Mar-a-Lago in Palm Beach. On July 2, Clark entered a $4.95 million new listing for the property — and he had it under contract a little more than two weeks later in the Palm Beach Board of Realtors Multiple Listing Service. Although that deal didn’t firm up, Clark said he was encouraged by the interest agents, brokers and house-hunters have already shown in the property.

“It’s a fabulous house, and I priced it to sell,” Clark said. “It’s the right price for the right house in the right neighborhood.”

That Estate Section neighborhood also has been in the news over the past couple of years: The area closes to through-traffic when Trump visits his winter White House.

The two-bedroom house and its two-bedroom guesthouse are owned by international marketing consultant Gilbert Clotaire d’Arcy Rapaille, who paid $2.6 million for it in 2012 as his first home on the island, property records show.

Built in 1951, the renovated house has a total of 5,182 square feet of living space, including an expansive pool-patio area nestled between two angled wings. Although the house has two bedrooms, the floorplan includes another bedroom that has been re-purposed as a walk-in closet, Clark said. The lushly landscaped property of about a third of an acre is the second lot west of the beach.

The house got new impact-resistant windows about a year ago and, more recently, an upgrade to its electrical system, Clark said.

“It’s in great shape and has been lovingly updated over the years,” said Clark, an interior designer who owns Guy Clark Interiors on South County Road.

Still, Clark said he extensively “staged” the house for sale by rearranging and paring down furniture and making some interior improvements. He then listed the property and held an open house, where the response from local agents, he said, was enthusiastic. And a house-hunter, represented by agent Debra Tomarin of Donohue Real Estate, immediately submitted a preliminary offer.

Tomarin said that her client ultimately backed out of the deal for personal reasons.

Clark declined to discuss the sellers, other than to say his clients are friends. Clark, in fact, stayed at the home before he moved to the island about two-and-a-half years ago. He’s fairly new to the real estate industry, having joined the Elliman sales team about six months ago after earning his sales license.

The beach-to-lake street is one of Palm Beach’s quirkiest, created in the late 1940s. That’s when a developer sliced up a 45,000-square foot, 1920s-era mansion named Cielito Lindo and ran then-new Kings Road straight through the living room. Parts of the mansion’s remnants on both sides of the street were turned into separate houses, although the residence represented by Clark was built from the ground up as part of the new subdivision.

And just across the street — Douglas Elliman also has the listing for the only other property on Kings Road for sale this week in the MLS. The slightly larger house on a slightly bigger lot is listed for $5.695 million by Elliman agent Chuck Poole, who is acting as “owner/agent” because he shares the house at 112 Kings Road with Bruce Langmaid.

The asking price is down from the $6.35 million the six-bedroom house carried when Poole’s listing entered the MLS in November. It is the least expensive of the four Palm Beach Regency-style houses available in the Estate Section, he notes.

With 5,287 total square feet, the house was built in 1972 by the late developer Robert Gottfried in his signature “Gottfried Regency” style with a flat roof, classical design elements and an open layout. Among its features is an extensively redone pool area with an expansive travertine patio for entertaining. The interiors also have been refreshed.

On a lot of more than a third-acre, the house has been on and off the market for the past few years. The sellers have lived there since 2013, when the property changed hands for $2.525 million, courthouse records show.

 

Source: Darrell Hofheinz, July 27, 2018, Palm Beach Daily News

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Zimmerman Douglas Elliman

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Palm Beach, FL 33480

Jacqueline A. Zimmerman (561) 906-7153 Direct jz@PalmBeachProperty.com

Adam M. Zimmerman (561) 906-7152 Direct az@PalmBeachProperty.com

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Jacqueline A. Zimmerman(561) 906-7153pAdam M. Zimmerman(561) 906-7152pMain Office(561) 655-8600
Douglas Elliman, Licensed Real Estate Broker | 340 Royal Poinciana Way, Suite 318, Palm Beach, FL 33480


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