Billionaire William Lauder to Sell Oceanfront Land in Palm Beach for Close to $200 Million
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Billionaire William Lauder has struck a deal to sell two oceanfront lots in Palm Beach, Fla., for close to his original $200 million asking price, according to people familiar with the situation. If the deal records for more than $170 million, it would set a record for Palm Beach. The previous record was set in 2023 when luxury car dealership owner Michael Cantanucci and his wife, Kimberly Cantanucci, paid about that amount for a roughly 1.6-acre oceanfront property with 150 feet of ocean frontage.
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