The estate sits alone on its own 2.3-acre, man-made island and went into contract on Monday. The negotiated price, and the buyer's identity are still unknown
The transaction was conducted by a luxury car dealer and the founder of Green Mountain Coffee. It marks a new record for the luxury enclave, and is one of the priciest deals of 2023 so far
The $155M deal marks a new record price for the market of Palm Beach where the priciest deal previously went to hedge funder Ken Griffin's purchase of 4 parcels for $129.6M in 2013
Not content to pause after purchasing 'The One' megamansion for $126M in March, the Fashion Nova founder also added the $40M Billionaire's Beach property to his portfolio recently
If the island, which includes a 21,406-square-foot mansion, sells close to its asking price, it will easily set a record for Palm Beach sales and come just shy of the national record
One week after the record sale of businesswoman and philanthropist Adrienne Arsht's 4-acre waterfront Coconut Grove estate, hedge funder Ken Griffin has emerged as the buyer
The move comes a little over 1 year after purchasing the property for $80M, and about 2 months after buying a separate $173M estate in nearby Manalapan from tech entrepreneur Jim Clark
Palm Beach, Florida, luxury real estate had a banner year, but New York City was a dark horse that came roaring back in 2021 with the second highest concentration of high-end deals