196 Banyan Road, Palm Beach, FL 33480 (MLS# R10044838)

196 Banyan Road, Palm Beach, FL 33480

$12,000,000
Property Type: Residential Bedrooms: 7 Baths: 13 Square Footage: 13,077 Lot Size (sq. ft.): 38,333 Status: Closed
Current Price: $12,000,000 List Date: 5/29/2014 Last Modified: 1/12/2026

Overview

Description

“La Loma,” is one of John Volk’s most important Palm Beach estates. In 1929, when Volk was commissioned to build this grand three story Mediterranean Revival home, he chose to raise the elevation of the property to make the home stand out from Addison Mizner’s nearby Mediterranean Revival homes. The extraordinary detail and beauty of the home and stunning grounds make this home a truly one of a kind Palm Beach residence.

Listing Details MLS# R10044838

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
7
Bathrooms Total
13
Bathrooms Full
10
Bathrooms Half
3
Building Area Main
13077
Building Area Source
Public Records
Living Area Main
7157
Year Built
1929
Garage YN
Yes
Garage Spaces
3
Covered Spaces
3
Lot Size Area
38333
Lot Size Acres
0.88
Lot Size Dimensions
DP 212
Senior Community YN
No
Stories Total
2
Stories
2
Direction Faces
North
Pool Private YN
Yes
Furnished
Unfurnished
LP/Assessed Value
2.58

Property Features

Flooring: Other Parking Features: Garage Appliances: Dishwasher; Dryer; Refrigerator; Washer Construction Materials: Concrete Cooling: Central Air Association Type: Homeowner Association Heating: Central Interior Features: Pantry Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Tax Information: City/County Utilities: Electricity Available Water Access: None Showing Requirements: See Remarks Room Types: Family Room; Kitchen; Living Room; Master Bedroom Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2014-05-29
Original List Price
14500000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
196
Street Name
Banyan
Street Suffix
Road
City Name
Palm Beach
State Or Province
FL
Postal Code
33480
Postal Zip
33480
Subdivision Name
N/A
Area
5003
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434326000020200
Zoning
RA
Directions
Okeechobee blvd to PB Island.

Financial Information

Membership Fee Required YN
No
Tax Annual Amount
100850.61
Tax Year
2013
Tax Assessed/SOH Value
5618378
Tax Legal Description
26-43-43, W 194.84 FT OF S 226.7 FT OF N 1154.2 FT OF S 1/2 OF GOV LT 2 E OF COUNTY RD

Status Change Information

Major Change Timestamp
2014-12-08T20:13:53Z
Major Change Type
Status Change
Status Change Date
2014-12-08
Under Contract Date
2014-10-17
Close Date
2014-12-08
Close Price
12000000
Buyer Financing
Cash

More Information

Short Sale Details

Short Sale Addendum
No

Room Types

Kitchen Level
First
Living Room Level
First
Master Bedroom Level
First
Family Room
Yes
Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
1676.68
Original List Price To Close Price
1.2

Originating Details

Originating System Key
20140529154754841549000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

None
Yes

Flooring

Other
Yes

Parking Features

Garage
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Utilities

Electricity Available
Yes

Heating

Central
Yes

Water Access

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Concrete
Yes

Interior Features

Pantry
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Cooling

Central Air
Yes

Association Type

Homeowner Association
Yes

Showing Requirements

See Remarks
Yes

Master Bedroom/Bath

Separate Shower
Yes
Separate Tub
Yes

Pets Allowed YN

Yes
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes

Acreage Description

1/2 To Less Than 1 Acre Lot
Yes

Room Information

Living Room Length: 20.00 Length: 20.00 Width: 20.00 Width: 20.00 Level: First Kitchen Length: 15.00 Length: 15.00 Width: 15.00 Width: 15.00 Level: First Master Bedroom Length: 20.00 Length: 20.00 Width: 20.00 Width: 20.00 Level: First Family Room
Listing Office: Sotheby's Intl. Realty, Inc.
IDX
Last Updated: January - 12 - 2026
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