An empty waterfront plot in Palm Beach, FL, has been quietly sold for the sky-high price of $58 million—after previous plans to construct a lavish mansion on the property were abandoned in the wake of furious outcry from local residents.
The parcel, which spreads over 1.24 acres and includes 150 feet of direct water frontage, had originally been listed for sale with an even higher asking price of $74.5 million in April 2023, around one year after several Palm Beach residents raised concerns about the “super-sized structure” that was planned for the plot.
Despite the uproar over the spec mansion meant to occupy the land, the listing for the vacant plot still touted it as being “one of the last opportunities left on the island for residential construction of a personal residence” and made no mention of the potential battle a buyer might face to get their dream dwelling approved…