Palm Beach Double Lot With Approved House Plans Sells for $16 Million, Now Listed at $21 Million

February 5, 2025 - 18:58

The vacant double lot located at 1150 N. Ocean Way in Palm Beach has recently changed hands for a substantial $16 million. This prime piece of real estate comes with town-approved plans for a luxurious residence, making it an attractive investment for potential buyers. Following the sale, the property has been relisted at an impressive $21 million, reflecting the rising demand for high-end properties in the area.

The lot's strategic location and the inclusion of approved architectural plans enhance its appeal, offering buyers a unique opportunity to build their dream home in one of the most coveted neighborhoods. Palm Beach has long been known for its opulent lifestyle, stunning ocean views, and exclusive amenities, making properties like this one highly sought after.

As the real estate market continues to thrive, this double lot serves as a testament to the enduring allure of Palm Beach, drawing interest from affluent buyers looking to invest in a luxurious coastal lifestyle.