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Marc Glimcher, president and CEO of Pace Gallery, is selling his Palm Beach home for $24.95 million with Sotheby’s International Realty.<\/p>\n
Built in the 1930s, this six-bedroom, waterfront Art Moderne residence, known as the “Boathouse,” was the first home designed by architect Belford Shoumate in Palm Beach, Florida. The 4,848-square-foot home features a unique nautical design with teak floors, porthole windows, and exposed railings. Located on Lake Way, the home has 65 feet of water frontage and access to the Intracoastal Waterway.<\/p>\n
Shumate’s design was his first commission in Palm Beach in 1937 and marked a departure from the Mediterranean style popular in the area. Originally named “Fore and Aft,” the home was landmarked in 1987 and remains a significant Art Deco building in Palm Beach. It features light-filled rooms, a pool terrace and a 65-foot-long boat dock. The home’s bow features a semicircular living room with floor-to-ceiling windows overlooking the pool.<\/p>\n
In 2017, Todd Glaser and his wife Kim bought the house and restored it, winning the Preservation Foundation’s Polly Earle Award. In 2021, Glimcher purchased the house for $14.3 million and added modern upgrades such as new air conditioning and an infrared sauna. Originally listed in 2023 for $30 million, the price was adjusted by current marketers John and Lisa Cregan of Sotheby’s International Realty.<\/p>\n<\/p><\/div>\n