Luxury Real Estate Listing in Palm Beach, FL

SOURCE www.realtor.com
A prime plot of land on 'Billionaire's Row' in Palm Beach, FL, is listed for $200 million, offering a rare opportunity for new construction without the need for demolition. The property spans from ocean to lake, making it unique in the area.

Key Points

  • Last remaining vacant lot in Palm Beach with both private oceanfront and private Intracoastal water frontage
  • Previously listed for $150 million in 2022
  • Property owned by attorney and real estate investor Nathan Royce Silverstein since the 1960s
  • Listing includes renderings by architect Richard Sammons for a Mediterranean compound with an infinity pool and underground garage
  • Nearby properties have seen high-flying amounts in real estate sales

Pros

  • Rare opportunity for ground-up new construction without demolition
  • Located on 'Billionaire's Row' with ocean-to-lake frontage
  • Comes with renderings for a future residence, potentially saving time and money for the buyer

Cons

  • Extremely high price tag of $200 million