A 1920s Palm Beach mansion near Mar-a-Lago is now listed for $59 million; the 0.8-acre estate has 8 bedrooms, 10 bathrooms, a 6-car garage and decades of Florida history
A 1920s Palm Beach mansion near Mar-a-Lago is now listed for $59 million, offering a rare mix of historic architecture, oversized land and decades of Florida society lore. The 0.8-acre estate at 111 Via Del Lago has eight bedrooms, 10 bathrooms, a six-car garage and a two-story cabana, all designed in the 1920s by architect Marion Sims Wyeth, the same name behind Mar-a-Lago and the Norton Museum of Art. Developer Todd Michael Glaser, who first bought the home in 2018, renovated it, sold it, then repurchased it in 2022, says he now wants to downsize and move to a more walkable part of town, according to reports from Hoodline and The Real Deal.
A storied address on Via Del Lago
The house sits roughly half a mile from Mar-a-Lago on Via Del Lago, one house off Ocean Drive and within the security perimeter that surrounds the former president’s club. Its location places it in one of the most tightly held corners of Palm Beach, where buyers value proximity to the beach, privacy and the social gravity of the island’s most famous estates. The property is elevated to meet local flood-zone requirements, a practical detail that also adds to the sense of separation from the street.Marion Sims Wyeth designed the compound in the 1920s in a Mediterranean style that has become synonymous with old Palm Beach. Arched openings, stucco walls, tile roofs and shaded loggias create a sense of indoor-outdoor living suited to the subtropical climate. The layout spreads across three stories and includes formal and informal spaces that can host both quiet family life and larger gatherings.
Rooms, amenities and land
The residence is described in listings as having eight or nine bedrooms, 10 full bathrooms and two half-baths, depending on how certain spaces are counted. Living areas total roughly 12,000 to 16,000 square feet, with the higher figure reflecting recent expansions that incorporated land from the neighbouring lot. The primary suite has been renovated, and updates since 2022 include new windows and flooring in parts of the interior.Outdoor amenities match the scale of the house. A swimming pool, gym and two-story cabana extend the usable space beyond the main walls. A six-car garage addresses one of the persistent challenges of older Palm Beach estates, where parking often falls short of modern expectations. The circular brick driveway, created after the 2024 acquisition of part of the adjacent lot, adds a grand approach and improves circulation on a property that already feels more like a small compound than a single home.
Land assembly in the ultra-luxury market
Glaser’s history with the address reads like a case study in South Florida’s luxury market. He first bought the estate for about $11 million in 2017 or early 2018, renovated it with his wife and sold it in 2019 for $16.1 million. Three years later, he repurchased the same home for $23.2 million, saying at the time that he simply loved the house. In 2024, he partnered with neighbour Jane Holzer to buy the property next door at 111 Via Del Lago for $15.5 million, paying roughly $7.8 million for his half and using that land to expand the front yard and add the circular driveway.This kind of lot assembly has become increasingly common among Palm Beach’s biggest buyers. Acquiring adjacent parcels allows owners to create larger, more private estates in a land-constrained market where new waterfront or near-waterfront sites are rarely available. For Glaser, the move increased the footprint of his own home and strengthened the sense of a self-contained compound on a street where every foot of frontage carries a premium.
A developer’s personal showcase
Glaser is known for buying, repositioning and reselling some of Palm Beach’s most prominent addresses. His portfolio includes the Tarpon Island deal, where he partnered with an investment group to overhaul the estate before its sale, reported at around $150 million to $152 million. He also bought, demolished and later sold the land that once held Jeffrey Epstein’s Palm Beach house, another high-profile transaction in a career built on reading the island’s shifting tastes.Listing his own home puts Glaser on the other side of the table from many of his past deals. He says he wants to downsize from the 16,000-square-foot mansion and move to a more walkable part of town, a preference that echoes a broader trend among some ultra-wealthy buyers who are trading sheer scale for convenience and proximity to daily amenities. Whether the market meets his $59 million ask will test demand for historic, land-rich estates in this particular pocket of Palm Beach.
Price, history and market context
The $59 million price tag lands the property in the upper tier of Palm Beach’s current market. The island has seen a surge in mega-sales in recent years, with dozens of transactions above $50 million since 2021. Many of those deals closed privately, never appearing on public listing services, which makes every new high-profile listing a useful barometer for where buyers and sellers currently align.For prospective buyers, the appeal lies in the combination of history, land and location. The Wyeth design ties the house to Palm Beach’s architectural golden age. The lot size, already large for the island and now expanded through assembly, offers room for gardens, pools and future modifications. The proximity to Mar-a-Lago and Ocean Drive places it at the center of the island’s social and security landscape.
What comes next
The listing is held by Corcoran Group’s Suzanne Frisbie and Douglas Elliman’s Spencer Schlager. Frisbie brokered both of Glaser’s previous transactions on the house, giving her a long view of how the property has evolved through renovations, sales and repurchases. Schlager points to the location, land size and historic design as the core strengths that make the estate attractive in a crowded field of ultra-luxury options.If the home sells near its asking price, it will add another chapter to the story of an address that has changed hands multiple times in less than a decade. If it lingers, it may signal that even in Palm Beach, there is a limit to what buyers will pay for a single estate, no matter how storied. Either way, the listing underscores how land, history and location continue to drive value in one of the most exclusive residential markets in the United States.
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