Inside Portugal’s famous $ 26.5 million Patiño Palace – Robb Report


In the 1950s, Antenor Patiño was one of the richest men in the world, having amassed a fortune as heir to his father’s tin mining business. So, like any hedonistic multibillionaire, he built a summer vacation home for himself.

Only Señor Antenor went a little too far in building a spectacular 36,000 square foot, 14 room palace on a hill above Cascais, near the capital of Portugal, Lisbon. He nicknamed the place Patiño Palace and filled it with jaw-dropping amenities like a bowling lodge, Roman-sized swimming pool, Hollywood-style screening room, romantic tea room, and a library inspired by the Biblioteca Joanina, a UNESCO World Heritage Site, at the University of Coimbra.

Of course, Antenor and his wife Beatriz threw some wonderful parties here as well. Their legendary “Party of the Parties” in 1968 had over 1,000 guests, including stars like Audrey Hepburn, Zsa Zsa Gabor, Henry Ford and a who’s-who of the Rockefellers, Rothschilds and Niarchoses.

Today, 39 years after Patiño’s death, his amazing palace is on the market for an equally astonishing 23 million euros, or roughly $ 26.5 million.

The paneled bookcase was inspired by the famous Biblioteca Joanina.

Photo: Antonio Moutinho / Portugal Sotheby’s International Realty

“Nothing comes close to describing how beautiful this property is. It is a real palace worthy of royalty, ”said Macarena Osorno, listing broker at Portugal Sotheby’s International Realty. Robb Report.

According to Osorno, you would be forgiven for thinking that the place was built in the 1700s, not 1957. The main house, with its magnificent tiled roof and imposing arched facade overlooking ornate and well-kept gardens, was inspired by 18th century Portuguese architecture. . Inside there are high carved wooden ceilings and walls decorated with frescoes and hand-painted tiles dating from the 17th and 18th centuries.

“There is a real museum quality in the house. Walking around the rooms is like stepping back in time. There aren’t enough words to describe how impressive it is, ”she adds.

$ 26m Patino Palace in Portugal

An aerial view of the land.

Photo: Antonio Moutinho / Portugal Sotheby’s International Realty

Patiño fell in love with the hills around Estoril, 20 minutes south of Lisbon, in the early 1950s after visiting a well-to-do friend. He found a 124-acre farm on top of a hill overlooking the Atlantic Ocean to build the palace of his dreams. At the time, Patiño had several homes around the world, including a sprawling townhouse on Fifth Avenue in New York City and a nearly 28,000 square foot mansion on famous Avenue Foch in Paris. In 2010, the latter would be listed at $ 140 million, making it the second most expensive residential property in the world at the time.

After Beatriz Patiño’s death in 2009, the palace was acquired by a local bank and all but 7.6 acres of land around it was sold to developers to create Quinta do Patiño, a super exclusive and super secure gated development. of 93 houses and 55 apartments. . More recently, the palace was bought by a large corporation which used it as a corporate retreat and private conference center.

$ 26m Patino Palace in Portugal

A living room in the main house.

Photo: Antonio Moutinho / Portugal Sotheby’s International Realty

Spread over three floors, the main house has a magnificent double height entrance hall with vaulted ceilings. A grand marble staircase leads to an elegant balcony with hand-carved stone balustrades.

On the first floor, the majestic wooden-ceilinged dining room is lined with hand-painted frescoes, as is the Chinese-inspired reception hall, while the paneled “Joanina” library is a must see to be believed. This floor also houses two giant bedrooms with living rooms which Orsono said could each be used as a master suite. (We would take the one with the fresco on the ceiling and the four poster bed.) 12 other en-suite bedrooms are on the second floor.

$ 26m Patino Palace in Portugal

The personalized jewelry box.

Photo: Antonio Moutinho / Portugal Sotheby’s International Realty

From the first floor, take the long staircase lined with traditional hand-painted blue Portuguese tiles to a vast underground lower level. Here there is a huge entertainment area and a movie theater with its original Hollywood style projectors. As Beatriz Patiño was well known for her stunning jewelry, she had a safe built to store her gems. You’ll find it here too, with its safe-style door and rows of glass-fronted display cases bathed in red light.

Outside, in a freestanding pavilion covered in ivy, is the elegant bowling alley which still has its original Brunswick electric operation. In 1973, Architectural summary devoted a four-page story to him. Osorno believes this would make the perfect gym and spa. Another free-standing pavilion by the pool has been designed for Beatriz Patiño to enjoy an afternoon cup of tea. Its peppermint-paneled walls and ceiling could be straight out of Palm Beach.

“We really hope that a private buyer will buy Patiño Palace to enjoy it with his family and to carry on the story,” notes Osorno.


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