Palm Beach’s $85M+ Club: A Look Inside Record-Breaking Luxury Sales
Palm Beach has long set the standard for ultra-luxury real estate — not just in Florida, but worldwide. A recent article by Darrell Hofheinz in the Palm Beach Daily News highlights just how true that is.
According to the article, Palm Beach has seen more than a dozen residential sales of $85 million or more, with the top transaction reaching a staggering $170 million. These landmark deals are not just about size or square footage. They reflect a rare combination of waterfront positioning, architectural significance, and the long-term value of land in Palm Beach.
What These Sales Tell Us
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Trophy estates like the one at 589 North County Road — sold privately for a reported $170 million — represent generational assets that rarely come to market.
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Properties like Tarpon Island, sold in 2024 for $150 million, show the premium buyers place on privacy, uniqueness, and renovation potential.
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Sales involving high-profile names like Ken Griffin, William Lauder, and Donald Trump reflect a trend: the ultra-wealthy view Palm Beach as a secure, legacy-level investment.
A Market Shaped by Scarcity and Sophistication
At this level, the market is driven by more than price per square foot. Many of these deals:
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Happen off-market
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Involve custom terms and trusts
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Prioritize privacy, exclusivity, and lifestyle
This is not speculative buying. It’s strategic, long-term placement in one of the world’s most desired enclaves.
Our Perspective at Scott Gordon Group
Having represented many of Palm Beach’s most discerning buyers and sellers for over four decades, we understand what makes a property move at this level — and what keeps it off the open market altogether.
When you’re working with eight- and nine-figure estates, presentation, privacy, and timing matter as much as location. Our team offers the local insight and national reach to help clients navigate these rare opportunities with confidence.
Read the full article by Darrell Hofheinz in the Palm Beach Daily News here.
The Next Move Is Yours
If you are planning to buy or sell, or simply want to learn more about the luxury real estate market in Palm Beach, our team is here to guide you through every step of the process.
Scott Gordon
Email: [email protected]
Phone: (561) 346-4141
Mindy Gordon
Email: [email protected]
Phone: (561) 302-3133
