305-609-4190
920 S Ocean Boulevard, Palm Beach FL 33480
Active Single Family Residence Waterfront

920 S Ocean Boulevard, Palm Beach FL 33480

Palm Beach, FL, 33480

$105,000,000

Est. $530,937/mo (20% down)

7
Beds
12
Baths
13,171
Sq Ft
1927
Year Built
—
Lot Sq Ft
3
Garage

Photo Gallery (34 photos)

About This Property

An irreplaceable Palm Beach landmark, Casa Eleda embodies the romance, history, and architectural grandeur that define the town's most storied estates. It is impossible to overlook the remarkable provenance behind this exceptional oceanfront property, as it is deeply intertwined with Palm Beach's vibrant past. Affectionately known by locals as the ''Ham and Cheese House,'' a reference to Maurice Fatio's iconic use of alternating brick and coquina stone, Casa Eleda stands as a masterwork of timeless design. Originally commissioned for renowned businessman Mortimer L. Schiff, the residence is a deeply personal tribute; its name, Eleda, is a nod at his wife Adele's name spelled in reverse. Designed by Maurice Fatio in the Italian Romanesque style, the estate offers over 150 feet of direct ocean frontage and features a rare private tunnel to the beach complete with an elevator. A beachfront cabana includes a living room, wet bar, and full bath, creating a seamless extension of the home's luxurious lifestyle. The residence encompasses seven bedrooms, ten full baths, and four powder rooms, with striking architectural details throughout: classical stonework, graceful arched windows, and beamed cypress ceilings. Every room reflects meticulous craftsmanship and refined balance. Interior design is by Susan Zises Green, with interior architecture by Smith Architectural Group. The geometrically balanced courtyard anchors the home, offering lush garden views from every principal room. The romantic outdoor setting features multiple loggias, a swimming pool, and a relaxing fountain, all surrounded by tranquil landscaping designed by Mario Nievera. The oceanfront formal living room impresses with a soaring coffered ceiling, hardwood floors, and a marble fireplace. The elegant dining room features stone floors, a marble fireplace, and a beamed cathedral ceiling. The pristine chef's kitchen is both functional and beautiful, while a striking bar room seamlessly connects the formal living room to the oceanfront library. The oceanfront primary wing is a private sanctuary, offering dual baths and closets, a sitting room with fireplace, and a balcony with expansive water views. Additional amenities include an exercise room, office, elevator, recreation room, and an exceptional wine cellar. Casa Eleda is a piece of Palm Beach history that has been masterfully preserved and exquisitely presented for the most discerning buyer.

Property Details

MLS #

B26073543

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

1927

Days on Market

41

Stories

3

Pool

Yes

Waterfront

Yes

Price / Sq Ft

$7,972

HOA Fee

None

Est. Insurance

$35,000/mo

Tax Year

2025

Tax Amount

$467,661

Garage

3 Car

Lot Size

—

MLS Area

N/a

Subdivision

N/A

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$735,000
Est. Monthly Rent
1.0%
Cap Rate
5.2%
Cash-on-Cash
$1,093,432
Net Operating Income

ROI Projections (4% Annual Appreciation)

134%
5-Year ROI
Value: $127,748,555
292%
10-Year ROI
Value: $155,425,650
479%
15-Year ROI
Value: $189,099,068

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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