Monday, October 26, 2015
SOUTHAMPTON FORMER ART DECO THEATER BUILT IN 1930 FOR SALE FOR $35,000,000
Built around 1930 by socialite Ethel Tyng, the auditorium had 20’+ high ceilings and a cork floor for acoustics and in its latest life became a stunning Great Room. “Houses of the Hamptons, 1880-1930” states that as a theater presentations included concerts, plays and other performances. The estate must have been a Southampton hub of culture.
CBS Founder, William S. Paley, is a former owner. Paley was a glamourous figure, a visionary who made CBS a dominant force in radio and tv. This estate was an impressive showcase, and not Paley’s only residence.
Located on seven acres, the three-bedroom, 5500 sq ft house encompasses a pool, pool house, guest cottage, garage with staff quarters, greenhouse and caretaker’s cottage.
The style of the day was Art Deco, and in keeping with that style, some details remain such as a peacock insert on the front door.
Now owned by a former Morgan Stanley Managing Director, who bought Paley’s property in the 1990’s, the seller says it is on the market now because, “we just think it’s time.”
Looking for a historic home? There are currently six properties in Palm Beach and one in Gulf Stream that are listed for between $11,900,000 and $59,000,000. Other historic homes in Palm Beach County are listed from $34,900 (2 bedrooms, 1 bath, 800 sq ft) and up. For more information and showings, or to learn about listing your property, contact Marilyn Jacobs at 561-302-3388. Marilyn is with Weichert Realtor Health & Joseph in Wellington, Florida.