Yahoo Lifestyle This $200 Million Oceanfront Palm Beach Lot Lets You Build Your Dream Home on Billionaire’s Row
At least 58 billionaires own property in Palm Beach. Naturally, you’ll find most of them on South Ocean Boulevard, a street in the ultra-exclusive enclave known as Billionaire’s Row. British rocker Rod Stewart and President Donald Trump are two big names living on the scenic stretch. Now you can, too, via a $200 million listing held by Shelly Newman of the Corcoran Group.
Located at 1980 South Ocean Boulevard, the two-parcel lot spreads across nearly two acres as Palm Beach’s only available vacant lot with oceanfront and intracoastal waterfront access; it’s one of just 20 sites in the community to offer both. That being said, plans to build a multimillion-dollar residence or sprawling compound on the lot overlooking the Atlantic Ocean and intracoastal from its tail ends are not approved. Potential buyers would need to submit plans to the town’s Architectural Review Commission (ARCOM) for final authorization, which still makes it an ideal choice for saving time, at least.
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Want to know how? Any buyer thinking of buying an oceanfront property in Palm Beach, where hedge-fund manager Ken Griffin’s staggering $450 million estate stands, would have to either settle for a property’s current condition or conduct a renovation/build themselves, which would easily surpass this listing’s $200 million asking. Here, potential buyers already have a coveted location locked in and ARCOM’s visibility of its specs, allowing you to get started on customized plans that factor in preferred floorplans, amenities, and unique design elements.
If all that customization seems overwhelming, renderings sized to ARCOM requirements for the prominent lot are available for consideration but still require a final approval. Designed by Richard Sammons of Fairfax & Sammons, they showcase an expansive mansion—mirroring local Mediterranean Revival-style homes—atop sun-kissed grounds overlooking Lake Worth. Noteworthy amenities featured in Sammons’s images include an infinity pool that trails indoors and an opulent garage capable of housing several luxury vehicles.
Palm Beach is currently a buyer’s market, with greater home supply than demand. As of December 2024, the average median price of houses sold there was $4.3 million, which reflects a 76.7 percent increase in pricing compared to the year prior, Redfin reports. And if you want to see what interiors in Palm Beach are looking like these days, we walked through this elegant retreat‘s Art Deco-inspired decor from designer Andrew Howard.
Click here for more renderings of the estate.
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