William Lauder, heir to the Estée Lauder fortune, plans to sell an oceanfront plot in Palm Beach for $178 million, which could set a local real estate record. After completing his role as executive chairman of Estée Lauder Cos. and purchasing the land for $25.4 million in 2020, he is now focusing on this lucrative land sale. The property, previously home to two large houses, has drawn attention, with the sale managed by broker Ryan Serhant, underscoring the growing luxury market in the area.
Lauder purchased the 1-acre property for $25.4 million in 2020; a second plot for $178 million. His sale could set a Palm Beach record.
William Lauder is now turning his attention to other lucrative endeavors, namely the sale of an expansive plot of oceanfront land in Florida.
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