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Nine property sales this season topped $40M in Palm Beach


When it comes to big-dollar deals in Palm Beach, this season saw an abundance of riches.
Between Oct. 1 and Thursday, 38 sales closed at prices recorded at $17 million or higher. In the same period last year, just 12 deals landed in that price category 13 if you record a property that sold for $16.9 million.
This season also saw six sales record at between $30 million and $40 million, while another nine deals hit prices even higher.
Here’s a rundown of the sales including two that involved vacant lots recorded at more than $40 million this season. Unless otherwise noted, the prices are the ones documented by the Palm Beach County Clerk’s office. ....

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Two vacant lots bring $40.25M on Palm Beach's lakefront


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Two next-door vacant lots bring $40.25 million on Palm Beach’s Maddock Way
The properties, one with lake frontage, were sold by companies linked to billionaire Mitchell Jacobson, records show. The buyer was a Delaware-registered limited liability co.
Palm Beach Daily News
Two adjacent properties on Maddock Way one with lake frontage that have sat vacant since they last sold together in 2013 have changed hands privately for a grand total recorded at $40.25 million.
The simultaneous sales to the same buyer mark the second deal within a week in which a vacant lakeside property in Palm Beach has changed hands at more than $40 million. ....

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