The full-floor apartment was sold to a buyer who already owns a condo in the building. Another property went for $66 million, and still others for $50 million or more.
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Priced at $140 million, Palm Beach ‘spec’ house lands under contract, MLS shows
The just-finished beachfront house at 535 N. County Road stands on property once owned by former President Donald Trump. The listing was marked “pending” after only a month in the MLS.
Darrell Hofheinz
Palm Beach Daily News
Add another piece of evidence to the growing pile that says Palm Beach’s red-hot real estate market continues to sizzle on the high end the very high end, in this case.
The most expensive property ever listed on the island a furnished seaside mansion developed on speculation and priced at $140 million has landed under contract, according to a listing updated Monday in the local multiple listing service.
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South Florida’s biggest residential sales of 2020
Top sales were scattered throughout Miami Beach, Palm Beach and Coral Gables Miami /
From left: 300 North Lake Way, 1095 North Ocean Boulevard and 8 South Lake Trail (Google Maps)
South Florida’s ultra-luxury home market boomed in 2020, setting new records throughout the pandemic.
Buyers from high tax markets in the Northeast and California flocked to Palm Beach, Miami Beach and nearby towns, absorbing nearly all of the waterfront luxury home inventory. As people transitioned to working from home, they headed south in big numbers, looking to Florida and its lack of state income tax. That residential migration has included finance and tech executives, who are also opening up offices in the Magic City.