The $97.5 million sale of a North Palm Beach estate tied to the Wrigley chewing gum fortune is more than a headline-grabbing number. It is a window into how legacy wealth, coastal real estate and new industries like cannabis are reshaping Florida’s most exclusive enclaves. The off‑market deal in Lost Tree Village underscores how quietly, and how quickly, the top tier of Palm Beach County’s property market is evolving.
At the center of the transaction is William “Beau” Wrigley Jr., a fourth‑generation heir whose family name is synonymous with chewing gum and whose investments now stretch from consumer brands to cannabis. By parting with a North Palm Beach compound at a price that rivals the priciest sales in the region, he has crystallized a vast gain while signaling how high demand has climbed for ultra‑prime waterfront land.
The landmark North Palm Beach sale
The sale of William Wrigley Jr.’s estate in North Palm Beach has been described as a landmark off‑market deal, and the $97.5 million price tag explains why. The compound sits inside Lost Tree Village, a gated community in Palm Beach County that has long attracted executives, financiers and heirs who prefer privacy to the bustle of nearby resort strips. By closing quietly rather than through a public listing, the transaction highlights how the most coveted properties in this stretch of Florida often change hands out of view, even as their prices reset expectations for the broader market.
Local real estate figures have framed the transfer of the North Palm Beach compound as a defining moment for the area’s luxury segment, pointing to the combination of waterfront exposure, acreage and pedigree ownership that made the property so sought after. The description of the deal as a “landmark off‑market sale in Palm Beach County” attached to William Wrigley Jr.’s North Palm Beach compound in Lost Tree Village captures how the estate has become a reference point for what top‑tier coastal land can command.
A record‑breaking Florida compound
The $97.5 million figure does not exist in a vacuum, it slots into a narrative of record‑setting trades that have turned parts of Florida into a showcase for global wealth. Coverage of the deal has repeatedly emphasized that a Wrigley chewing gum heir sold a North Palm Beach compound for a record‑breaking sum, underscoring how the price compares with other trophy properties across the state. In a market where eight‑figure closings are no longer rare, crossing into the high nine‑figure range for a single residence still stands out…