When was property at 196 Banyan Road built and last sold?

The property at 196 Banyan Road was built in 1926 and last sold on Dec 4, 2014 for $12,000,000.

How much is this home worth?

The estimated value of the home located at 196 Banyan Road is $0.

What are some comparable homes to 196 Banyan Road?

There are currently no comparable homes to 196 Banyan Road.

Palm Beach

33480

196 Banyan Road

$12,000,000

● House - Off Market

196 Banyan Road

Palm Beach, FL 33480

7 Beds

10 Baths, 3 Half Baths

7,157 Ft²

$27,096,030

RealtyHop Estimate

86.87%

Since Jan 1, 2015

National-US

Primary Model

About This Property

"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.

Unit Size

7,157 Ft²

Days on Market

193 days

Land Size

0.88 acres

Price per sqft

$2,026

Property Type

House

Property Taxes

$8,404

HOA Dues

Year Built

1926

Payment Calculator

Cap Rate Calculator

Last updated: 9 months ago (Beaches MLS #R10044838)

Price History

Date / Event	Date	Event
Dec 8, 2014	Sold	Premium
Sold
May 29, 2014	Listed by Sotheby's Intl. Realty, Inc.	$14,500,000
Listed by Sotheby's Intl. Realty, Inc.
Sep 17, 1997	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1926

Effective Year Built: 2000
Building Count: 1
Bedroom Count: 5
Bathroom Count: 9
Full Bathrooms: 8
Partial Bathrooms: 9
Building Condition: 6
Building Quality: 1
Construction Type: 12
Building Style: 0
Exterior Walls Type: 2
Interior Walls Type: 6
Roof Shape Type: 7
Roof Cover Type: 18
Floor Count: 300
Living Units: 1
Floor Cover: 13
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 1,130
Parking Space Count: 4
Patio Type: 14
Porch Type: 8
Pool Type: 8

Dimensions

Lot Size Square Feet: 38,267

Lot Size Depth Feet: 210
Lot Size Frontage Feet: 1,750
Total Building Area: 13,077
Gross Building Area: 13,077
Building Area: 7,157
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 7,157
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: ACREAGE & UNREC
Land Acres: 0000000879
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: 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

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003514

Zoning

Zoning: R-A

Geography

Assessors Map Reference: 164

Parcel: 50-43-43-26-00-002-0200
Block: 2
Lot: 2
Meridian: SEC 26 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.6902
Longitude: -80.0356

Address

Full Address: 196 Banyan Rd

Address - House Number: 196
Address - Street Name: Banyan
Address - Suffix Type: Rd
State: FL
City Name: Palm Beach
Carrier Code: C016
4-Digit Zip Code: 4802
Zip Code: 33480

Valuation

Tax

Total Area: 8,696

Tax Year: 2023
Tax Amount: $16,523,569
Tax Rate Code Area: 50417

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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Market Valuation

Market Total Value: $25,008,298

Market Land Value: $21,233,560
Market Improvement Value: $3,774,738

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $10,957,667

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Dec 04, 2014

Current Sale Recording Date: Dec 08, 2014
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 20140450983
Previous Sale Recording Date: Sep 17, 1997
Previous Sale Amount: $3,900,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

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Previous Mortgage Transaction Date:

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Previous Mortgage Financing Type:

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Previous Mortgage Loan Amount:

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Previous Mortgage Term:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Palm Beach

Stats & Trends

Median Asking:

$2,695,000

Sale Price/ft²

$1,445

Above Asking

0.32%

Average Days on Market

109

Average Home Size

2976 ft²

Average Home Age

52.1 years

Currently For Sale

319 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$5,950 /mo

1 Bed
1 Bath
600 ft²

184 Sunset Avenue #303, Palm Beach, FL, 33480 Listing by Nicholas Sliva

Unit for rent at 724 Park Place, West Palm Beach, FL, 33401

$8,250 /mo

4 Beds
3 Baths
3,258 ft²

724 Park Place, West Palm Beach, FL, 33401 Listing by Marisa L DiLenge

Unit for rent at 550 Okeechobee Boulevard, West Palm Beach, FL, 33401

$10,000 /mo

2 Beds
2 Baths
1,120 ft²

550 Okeechobee Boulevard #1409, West Palm Beach, FL, 33401 Listing by Ryan Christopher Apple

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Cristina B. Condon
Sotheby's Intl. Realty, Inc.
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# R10044838

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

196 Banyan Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Palm Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions