Trump Appointee Lomangino Drops $77M on Historic Palm Beach Estate

Published: March 4th, 2026 | Updated: May 14th, 2026

Villa Flora, one of Addison Mizner's most important residential works, just sold for $76.7 million in an off-market deal. The buyer? Anthony Lomangino, a Trump appointee, Mar-a-Lago member, and the man Florida Bulldog once called the "Palm Beach trash kingpin."

Key Takeaways

Villa Flora at 260 North Ocean Boulevard sold for $76.7 million in an off-market transaction recorded February 2, 2026.
The 2-acre oceanfront compound was designed by Addison Mizner in 1923 and features original frescoes by artist Gardner Hale, who traveled to Venice to research the works.
The sellers, Harvey and Mary Ann Kinzelberg, held the property for nearly 25 years after acquiring it for $9.58 million, a roughly 700% return.

Anthony Lomangino and his wife, Lynda, just bought one of Palm Beach's most architecturally significant estates. The price? $76.7 million. The property? Villa Flora at 260 North Ocean Boulevard. The deal closed off-market on February 2, with Christian Angle of Christian Angle Real Estate representing both sides.

This sale adds to a wave of eight-figure closings hitting Palm Beach this season. It confirms what local agents already know: the top end of this market plays by its own rules.

What makes Villa Flora worth $77 million?

Addison Mizner designed Villa Flora in 1923. The style? Venetian Gothic, a specific and ornate subset of the Mediterranean Revival movement he pioneered across Palm Beach. He built the estate for millionaire banker Edward Shearson, who named it after his wife, Flora Josephine.

As Larry Mastropieri explained on the Discover South Florida Podcast, "This is what Addison Mizner did. He went abroad, ran around, tried to figure out what he liked, and then came back here and started building the things he liked. And this was one of the styles that he was into. So this is very unique, a unique home for sure."

Property details:

Slightly more than 2 acres at the corner of North Ocean Boulevard and Dunbar Road.
10,700-square-foot main residence with five bedrooms, eight bathrooms, and one half-bath.
Separate cabana-and-garage building, pool.
Private beach parcel with approximately 200 feet of shoreline across the road.
Less than one mile north of The Breakers golf course.

What separates Villa Flora from other Mizner properties? How much of the original 1920s character remains intact. The east-facing facade still has frescoes by Gardner Hale, an internationally known artist who traveled to Venice in 1923 just to research the works he'd paint here.

His "Wall of the Winds" shows eight heads blowing gold-lined winds against a cobalt sky, with Venetian ships alongside. According to a 1924 issue of Arts & Decoration magazine, these were the first frescoes ever painted on a house facade in America.

The estate was among the first on Palm Beach to receive landmark protection back in April 1980. That designation means you can't make significant exterior alterations without the Landmarks Preservation Commission's approval.

Interested in Palm Beach luxury real estate? Understanding what drives trophy estate pricing matters. Talk to a luxury realtor in Palm Beach who tracks these transactions. Reach out to The Mastropieri Group or call (561) 556-9853.

Who bought Villa Flora in Palm Beach?

Anthony Lomangino made his fortune in waste management. He co-founded Southern Waste Systems/Sun Recycling LLC and ran it as chairman. Waste Management Inc. bought up 12 of the company's facilities across Palm Beach, Broward, and Miami-Dade counties back in 2016. He also started LGL Recycling LLC.

Politics? Lomangino is a longtime GOP donor and Mar-a-Lago member. Trump nominated him for the United States Postal Service board of governors. His wife, Lynda, landed a spot on the Kennedy Center board alongside the wives of José Fanjul, Steve Wynn, and Ike Perlmutter.

The Lomanginos know Palm Beach's luxury market well:

They sold a separate oceanfront mansion at 1742 South Ocean Boulevard for $38.8 million in June 2025. Lomangino had picked it up for $10 million in 2020, flipped it into a spec house.
They still own a third estate at 1620 South Ocean Boulevard. Paid $12.65 million for it in 2019. It's now listed at $59.5 million.

Who sold Villa Flora in Palm Beach?

Harvey Kinzelberg started Sequel Capital, a private equity firm, along with Meridian Leasing Corporation. He and his wife, Mary Ann, scooped up Villa Flora in 2001 through an Illinois-based LLC for $9.58 million. Twenty-five years later? They walked away with roughly 700% return.

What does this sale signal for Palm Beach real estate?

That $76.7 million price tag tells you something: preserved, architecturally significant estates on Palm Beach trade in a league of their own. Mizner properties with intact original details and oceanfront acreage don't compete with new construction. They can't be replicated. Landmark protections and the island's building restrictions make sure of that.

Worth noting: this was an off-market transaction. More and more of Palm Beach's top deals happen without public listings these days. Comparable sales data? It doesn't capture what's really happening at the top. Buyers and sellers at this level work through broker relationships, not the MLS.

For context: La Querida, another Mizner design from 1923, became JFK's Winter White House and sold for $70 million in 2020. Villa Flora's $76.7 million sale shows what a preserved Mizner landmark with oceanfront acreage can command, even by Palm Beach standards.

Other big Palm Beach sales this season:

William Wrigley Jr. (chewing gum empire): North Palm Beach estate, $97.5 million (December 2025).
Pamela W. Starret (British investor): lakefront estate, $72 million (off-market).
L Catterton's Michael Chu: oceanfront home, $58.3 million (January 2026).
Richard Schaps (advertising mogul): waterfront home, $32.5 million (January 2026).

If you own property in West Palm Beach or along the Intracoastal corridor, pay attention. Palm Beach's trophy sales have a way of pulling up values across Palm Beach County. When island pricing pushes past $70 million for a single estate, expectations shift everywhere.

Frequently Asked Questions About Villa Flora and Palm Beach Luxury Sales

How much did Villa Flora sell for in Palm Beach?

Villa Flora at 260 North Ocean Boulevard sold for $76.7 million. The deal was recorded February 2, 2026. It never hit the public market. Christian Angle of Christian Angle Real Estate handled both sides.

Who designed Villa Flora in Palm Beach?

Addison Mizner designed it in 1923. He went with a Venetian Gothic style. Mizner's Mediterranean Revival and Spanish Colonial Revival work basically defined Palm Beach architecture. He was also the guy behind the original vision for Boca Raton's development.

Who bought Villa Flora in 2026?

Anthony Lomangino and his wife, Lynda. He made his money in waste management through Southern Waste Systems/Sun Recycling LLC. He's also a GOP donor, Mar-a-Lago member, and Trump nominated him for the U.S. Postal Service board of governors.

Why are Mizner estates so valuable in Palm Beach?

Simple: you can't build another one. Mizner properties with original details and oceanfront land face zero competition from new construction. Landmark protections lock in the character. Estates like Villa Flora with those 1920s frescoes intact? They're one of a kind.

Are Palm Beach luxury sales happening off-market?

More and more, yes. The top deals increasingly skip public listings entirely. Buyers and sellers at this level work through broker networks. That's why comparable sales data often underrepresents what's actually trading at the high end.

Local help for buyers and investors in Palm Beach

If you're looking to buy, sell, or invest in Palm Beach, West Palm Beach, or Palm Beach Gardens, understanding how landmark properties and off-market deals shape this market matters. Reach out to The Mastropieri Group, Realtors®.

For hands-on support across Palm Beach County, call (561) 556-9853.