Todd Michael Glaser, a South Florida developer known for buying and reselling some of Palm Beach’s grandest addresses, has put his own home on the market for $59 million. The estate sits at 125 Via Del Lago, roughly half a mile from Mar-a-Lago, and Glaser says he now plans to downsize from his family’s mansion and move to a more walkable part of town.
The Mediterranean-style estate has eight bedrooms, 10 bathrooms and two half-baths on approximately 0.8 acres. Designed in the 1920s by architect Marion Sims Wyeth, it includes a pool, gym, six-car garage and two-story cabana.
Glaser’s history with the property reads like a real estate case study in itself. He first bought the estate for $11 million in early 2018 and renovated it with his wife before selling the following year for $16.1 million. That 2019 sale, reported at the time by Palm Beach Daily News, closed on July 15, 2019, after the home had been marketed at higher asking prices earlier that year. Glaser then repurchased the estate in 2022 for $23.2 million, bringing it back into his hands for a third time.
Buying the Neighbors to Grow the Lot
In 2024, Glaser partnered with his neighbor, Jane Holzer, to buy the property next door at 111 Via Del Lago for $15.5 million, with Glaser paying roughly $7.8 million for his half, per the same report from The Real Deal. He used that neighboring land to expand his estate’s front yard and add a circular brick driveway. The move fits a pattern the outlet has described as common practice in South Florida’s luxury market, where buying adjacent lots to assemble bigger estates has become increasingly routine.
How flood-elevation rules factor in
According to a Town of Palm Beach permit checklist, habitable-space finish floors must be at least 18º above the lowest adjacent road crown and also meet specific FEMA and local flood-zone requirements. The guidance addresses elevation standards; it does not establish insurance costs, coverage or other policy terms for this property…