Famed architect Maurice Fatio outdid himself in Casa Eleda, the extraordinary Mediterranean poolside villa he built for New York financier and philanthropist Mortimer Schiff. The beguiling coquina stone and red brick-wrapped façade—one of the most distinctive in Palm Beach—gives way inside to a symphonic rhapsody of light and space. Melodious main rooms spill onto three romantic loggias to set the stage for glittering courtyard galas beside the pool. Dramatically alive with drenching colors, interiors artfully meld handpainted cypress-beamed ceilings, carved stonework, five fireplaces, and arched windows with ocean views. For the finale, an underground tunnel transports guests to the ocean.