Morton A. Pierce Acquires Land At 324 Eden Road, Palm Beach For $9.95M

In a recent real estate transaction in Palm Beach, a vacant lot located at 324 Eden Road was sold to Morton A. Pierce for a price of $9.95 million. The property, spanning approximately 0.32 acres, was purchased at a rate of around $457 per square foot. The sellers, Gregory S. Hayt and Mardi Hayt, had previously demolished a 1950s-era house that stood on the land. The original purchase of the property by the Hayts in 2011 was for $2.1 million.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $9,950,000
• Address: 324 Eden Road
• Market: Palm Beach
• Acres: 0.32

Morton A. Pierce, a Palm Beach homeowner, acquired the vacant lot at 324 Eden Road. The transaction was facilitated by brokers Heather Woolems Rogers and Stephanie Lefes from Sotheby's International Realty. With the purchase of this property, Pierce adds to his real estate portfolio in the Palm Beach area.