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Florida Home on the Water Trades for More Than $90 Million
The deal is the latest in a slew of mega sales in Palm Beach County since Covid started. The county’s median luxury sale price during the third quarter of 2021 was $17.25 million, up 72.5% from 2020’s third quarter, according to research and appraisal firm Miller Samuel.
A newly built, waterfront estate south of Palm Beach has sold for more than $90 million, according to people familiar with the deal.
Located on a barrier island in the town of Manalapan, the roughly 2-acre lot stretches from the ocean to the Intracoastal Waterway, according to property records. The off-market transaction closed today; the identity of the buyer couldn’t be determined.