A nearly finished direct-beachfront house developed on speculation in Palm Beach has landed under contract after carrying a look-at-me price tag of $88.4 million.
Facing about 100 feet of shoreline, the house at 7 Ocean Lane stands on a short cul-de-sac a couple of blocks south of the Palm Beach Country Club. The lot measures about half an acre.
The buyer who signed the contract for the property has not yet been identified by the Palm Beach Daily News. The status of the sales listing in the multiple listing service was changed from “active” to “pending” on July 23…