$200M Palm Beach Oceanfront Lot Hits Market on Billionaire's Row

Key Points

• Record Listing: 1980 South Ocean Boulevard in Palm Beach is on the market for $200 million, making it one of the priciest listings in the U.S.

• Unique Offering: This nearly 2-acre vacant lot boasts both private oceanfront and Intracoastal waterfront, a rare find in Palm Beach.

• Development Potential: Conceptual designs by Fairfax & Sammons propose a 20,000+ square-foot estate, with options to develop either a single expansive residence or two separate homes.

Introduction

A premier vacant lot at 1980 South Ocean Boulevard in Palm Beach has been listed for an unprecedented $200 million. This property stands out not only for its price but also for its unique dual waterfront—offering both private oceanfront and Intracoastal access. For real estate investors and developers, this presents a rare opportunity to craft a bespoke estate in one of Florida's most coveted locales.

Property Highlights

• Size and Location: Spanning nearly 2 acres, this lot is the only available parcel in Palm Beach that stretches from the ocean to the Intracoastal Waterway. Its high elevation enhances its appeal, providing both scenic vistas and added security against potential flooding.

• Development Options: The property offers flexibility for development. Buyers can choose to unify the parcel to construct a 20,000+ square-foot residence, complete with a guest house, as per the conceptual design by Fairfax & Sammons. Alternatively, the land can be divided to create two separate homes, each with its own distinct waterfront access.

• Design Vision: Renowned architectural firm Fairfax & Sammons has provided conceptual renderings for the estate, showcasing a design that harmoniously blends traditional elegance with modern amenities. These plans are ARCOM-ready, streamlining the approval process for prospective builders.

Market Context

The $200 million listing price positions this property among the most expensive in the United States, underscoring the premium value of ocean-to-lake parcels in Palm Beach. The inclusion of ready-to-implement architectural plans adds significant value, offering potential buyers a clear vision and expedited pathway to development. Other recent high-profile listings and transactions in the area that are driving interest include:

Manalapan Estate Listed at $285 Million

• Record-Breaking Proposal: Developer Stewart Satter has unveiled plans for a $285 million estate at 1960 South Ocean Boulevard in Manalapan. If sold at this price, it would become one of the most expensive residential properties in U.S. history.

• Expansive Design: The proposed estate spans 4 acres, stretching from the Atlantic Ocean to the Intracoastal Waterway. Plans include a 50,000-square-foot main house, guesthouse, boathouse, and luxury amenities such as a bowling alley, golf simulator, shooting range, and car museum.

• Development Details: Satter purchased the land in March 2024 for $27.5 million, demolished the existing structure, and is collaborating with luxury builder Robert W. Burrage and architecture firm Choeff Levy Fischman on the new design. The property is currently a blank canvas, allowing potential buyers to customize the estate to their preferences.

William Lauder's Palm Beach Properties Under Contract for Nearly $200 Million

• Significant Sale: Billionaire William Lauder is set to sell two oceanfront lots in Palm Beach for close to $200 million. The combined 2.8-acre parcels boast approximately 360 feet of beach frontage.

• Market Impact: If the deal closes at this price, it could set a new record for the area, surpassing the previous high of $170 million. Lauder had initially listed the properties for $200 million in 2023 before reducing the price to $177.8 million.

• Background: Lauder acquired the properties in 2020 and 2021, subsequently demolishing the existing homes to create a valuable blank canvas for buyers. This sale underscores the continued strength of Palm Beach's luxury real estate market.

These developments highlight the escalating values and demand for prime waterfront properties in Florida's luxury real estate market.

An Unparalled Canvas

For investors and developers seeking a distinctive opportunity in the luxury real estate market, 1980 South Ocean Boulevard presents an unparalleled canvas. Its unique dual-waterfront location, substantial size, and flexible development options make it a standout offering in Palm Beach's exclusive property landscape. With conceptual designs by Fairfax & Sammons enhancing its allure, this property is poised to attract discerning buyers aiming to create a landmark estate.