Vacant Lot on Palm Beach’s ‘Billionaire’s Row’ Hits the Market for a Jaw-Dropping $200 Million

A prime plot of land on “Billionaire’s Row” in Palm Beach, FL, has hit the market for the jaw-dropping price of $200 million—just days after billionaire Estee Lauder heir William Lauder reportedly sold off a near-identical property for $178 million.

The 2-acre, ocean-to-lake parcel at 1980 South Ocean Boulevard is delivered vacant, offering its future owner a one-of-a-kind opportunity to construct their dream home from scratch—without the need for any demolition work to clear away an existing structure.

“When looking at the neighboring properties on ‘Billionaire’s Row,’ this property is truly the last of its kind,” notes listing agent Shelly Newman, of The Corcoran Group.

Indeed, the “trophy property” listing describes the land as “the only available vacant lot in Palm Beach” with both private oceanfront and private Intracoastal water frontage.

(The rarely available property stretches from the ocean to the Intracoastal Waterway.

(The listing is just one of 20 ocean-to-lake parcels in Palm Beach. Living Proof Photography)

The property has come on the market before: In 2022, it was listed for $150 million.

Previously, it had been in the hands of the same owner—attorney and real estate investor Nathan Royce Silverstein—since the 1960s.

Last year, however, the vacant lot came off the market, only to return today with the new, much higher price tag.

(An architectural rendering shows how the land could be transformed. Richard Sammons of Fairfax & Sammons)

Ref: Vacant Lot on Palm Beach’s ‘Billionaire’s Row’ Hits the Market for a Jaw-Dropping $200 Million Photo Credit- Fairfax & Sammons, Living Proof Photography