A vacant lot in the exclusive Palm Beach community, offering both oceanfront and intracoastal waterfront access, is listed for a staggering $200 million. This rare opportunity allows potential buyers to build their dream mansion on a prime piece of real estate, with architectural review already underway.
A vacant lot in Palm Beach , Florida, offering oceanfront and intracoastal waterfront access, is listed for $200 million. Located on South Ocean Boulevard, known as Billionaires' Row, the property is one of only 20 sites in the exclusive community to boast both waterfronts.
While building plans for a multimillion-dollar residence or expansive compound on the lot overlooking the Atlantic Ocean and intracoastal waterway are not yet approved, potential buyers would only need to submit plans to the town's Architectural Review Commission (ARCOM) for final authorization, saving valuable time. Unlike existing properties on Billionaires' Row that require either acceptance of the current condition or extensive renovations, this lot offers a prime location and ARCOM's early review of plans. This allows buyers to customize their dream mansion, incorporating desired floor plans, amenities, and unique design elements. Renderings sized to ARCOM requirements, designed by Richard Sammons of Fairfax & Sammons, showcase an expansive Mediterranean Revival-style mansion atop sun-drenched grounds overlooking Lake Worth. The renderings feature an array of luxury amenities, including an infinity pool that flows indoors and a spacious garage capable of accommodating several high-end vehicles.Palm Beach currently presents a buyer's market with a greater supply of homes than demand. As of December 2024, the average median price of houses sold in Palm Beach was $4.3 million, reflecting a 76.7 percent increase compared to the previous year.
PALM BEACH FLORIDA LUXURY REAL ESTATE OCEANFRONT PROPERTY BILLIONAIRES ROW
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