Palm Beach's "Ham and Cheese House" under contract at $105M

Palm Beach’s famed “Ham and Cheese House” is under contract at $105 million, The Real Deal reported, the priciest signed deal in a record week for the county’s luxury housing market.

Why it matters

The home, known formally as Casa Eleda at 920 South Ocean Boulevard, carried the week’s asking volume almost single handed. Douglas Elliman’s Eklund Gomes Team, which tracks every residential listing over $3 million in Palm Beach County, counted 16 luxury contracts signed from October 19 to 25 totaling $197.5 million, the outlet reported, and this one house accounted for more than half of it. That is a sign ultra luxury buyers in Palm Beach are still moving on the right trophy property even as broader contract activity stays thin.

The numbers

Casa Eleda has seven bedrooms, 10 full bathrooms and four half baths across 13,170 square feet, sitting on a one acre lot with about 150 feet of ocean frontage, an exercise room, an elevator and a wine cellar, according to The Real Deal. The 1927 house was designed by architect Maurice Fatio for banker Mortimer Schiff and gets its nickname from its alternating brick and coquina stone exterior; Casa Eleda honors Schiff’s wife, Adele, spelled backward. Its most recent owners, the late industrialist Marion Antonini and his wife Penelope Antonini, paid nearly $16 million for it in 2013, per property records cited by the outlet. Marion Antonini died in 2021. The home hit the market in September asking $7,970 per square foot, which pencils to the reported $105 million price.

What’s next

Christian Angle of Christian Angle Real Estate holds the listing and has not disclosed the buyer. The deal is under contract, not yet closed, so a final sale price and closing date are still to come. The contract lands in the middle of a broader South Florida luxury market that keeps setting local records even as overall transaction counts stay below boom-year pace.