9 Via Parigi, Palm Beach: Historic Mizner-Designed Tower Lists for $37.9M

A landmark, mixed-use residential tower in Palm Beach, Florida, known as 9 Via Parigi, has been listed for $37.9 million. The six-story property, designed by famed architect Addison Mizner, hit the market for the first time in over 50 years following the passing of its longtime owner, Mimi Galloway Duncan. The sale includes a two-level penthouse, three separate apartments, and prime ground-floor retail space, offering a rare opportunity to own a piece of Palm Beach's architectural and social history.

What is the History and Significance of 9 Via Parigi?

Constructed in 1924 by Addison Mizner, the building is a prime example of the Mediterranean Revival style that defines Palm Beach's aesthetic. This architectural style is characterized by stucco walls, wrought-iron detailing, romantic arches, and terra-cotta roof tiles. The property is situated in the coveted Via Parigi shopping district, just steps from the iconic Worth Avenue. Its stature as one of the few taller buildings in Midtown Palm Beach ensures incomparable views of the Atlantic Ocean, Intracoastal Waterway, and the Everglades Club, another Mizner-designed landmark. For decades, it was the primary residence of the late socialite Mimi Galloway Duncan, cementing its status as a pillar of local society.

What Does the $37.9 Million Property Include?

The sale encompasses a unique, mixed-use package. A mixed-use property is a single building that combines residential and commercial spaces. The offering includes:

• The Penthouse Residence: The two-level penthouse spans the top floors and features three bedrooms, three bathrooms, multiple fireplaces, and two balconies. It was the home of Mimi Galloway Duncan for nearly half a century.
• Additional Apartments: The upper floors contain three separate apartments. One includes a bedroom, two full baths, a den, and a Juliette balcony. Another offers one bedroom, one bath, an oversized living and dining room, and a balcony.
• Commercial Space: The ground floor contains a retail space complete with storage, utility rooms, a formal entry, and an attached two-car garage.

Why is Addison Mizner’s Architecture So Prized in Palm Beach?

Addison Mizner is the architect credited with transforming Palm Beach from a community of modest wooden cottages into a luxurious resort destination. Drawing inspiration from Spain and Latin America, his designs introduced a sense of romantic grandeur. Buildings like 9 Via Parigi are sought after for their craftsmanship, historical significance, and enduring aesthetic appeal. Ownership of a Mizner-designed property is not just a real estate transaction but an acquisition of a piece of Florida's cultural heritage.

What is the Investment Potential of a Property Like This?

Based on our experience assessing the Palm Beach market, a property of this caliber represents a significant investment opportunity. The combination of its historic designation, prime location in a high-end shopping district, and multiple income-generating possibilities (from residential rentals and commercial lease) adds substantial value. The limited inventory of Mizner-designed buildings, especially those with mixed-use capabilities, makes this a distinctive asset.

Key Takeaways for Prospective Buyers:

• Unique Offering: This is a rare chance to acquire a historically significant, Mizner-designed mixed-use tower in the heart of Palm Beach.
• Prime Location: The property is located in the prestigious Via Parigi district, offering immediate access to Worth Avenue's shopping and dining.
• Substantial Property: The listing includes a luxurious penthouse, three additional apartments, and commercial space, providing both personal use and investment potential.
• Architectural Heritage: The building is a certified example of Mediterranean Revival architecture, ensuring its lasting value and appeal.