A 2-acre vacant lot in Palm Beach, just five minutes from Mar-a-Lago, has done the unexpected by hitting the market for $200 million. This prime parcel distinguishes itself as one of the rare lots available with both ocean and Intracoastal frontage, making it a highly coveted piece of real estate. According to Shelly Newman from the Corcoran Group, the property represents a once-in-a-lifetime opportunity since it requires no demolition, allowing immediate construction. Preliminary architectural plans are available, accentuating the potential of this exceptional estate.
"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."
"If I had to find reason it would be the increased attention to Palm Beach, the fact that there is the recent Manalapan property asking $285 million, and the alleged Lauder deal is close to $200 million."
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