Aprime plot of land on “Billionaire’s Row” in Palm Beach, FL, has hit the market for the jaw-dropping price of $200 million—just days after billionaire Estee Lauder heir William Lauder reportedly sold off a near-identical property for $178 million.
The 2-acre, ocean-to-lake parcel at 1980 South Ocean Boulevard is delivered vacant, offering its future owner a one-of-a-kind opportunity to construct their dream home from scratch—without the need for any demolition work to clear away an existing structure.
“When looking at the neighboring properties on ‘Billionaire’s Row,’ this property is truly the last of its kind,” notes listing agent Shelly Newman, of The Corcoran Group.
“There is no demolition needed, there is no remodeling needed, this property allows for first-time, ground-up, new construction.”
Indeed, the “trophy property” listing describes the land as “the only available vacant lot in Palm Beach” with both private oceanfront and private Intracoastal water frontage.
“In Palm Beach proper, there are only approximately 20 properties that expand from ocean to Intracoastal, and this property is one of those few exclusive parcels,” Newman adds. “When you add on that the property has yet to be developed, it is even more of a once-in-a-lifetime property.”
