Palm Beach Billionaire Estate Assembly Hits $136M
What Parcels Make Up the Palm Beach Estate? At the center of the assemblage are two oceanfront parcels at 106 N. Ocean Blvd. and 1 N. Ocean Blvd. These lots span 2.3 acres and provide 360 feet of direct beachfront access. They were previously improved with homes, later cleared and sold as vacant land in 2023. The island is effectively 100% built out , making teardown-and-assembly one of the only ways to create a new large estate. Additional Holdings The estate also includes Cross street residences acquired through separate off-market transactions. One is a 3,600-square-foot Mediterranean-style house at 106 N. Blvd., purchased for $18 million by Creekshore LLC. Another is a 5,800-square-foot residence on a half-acre at 1072 N. Ocean Blvd., acquired for $30 million by Mango Leaf LLC. An adjacent inland property was also included, extending the combined estate to nearly 4.2 acres. Luxury real estate is often viewed as an inflation hedge for high-net-worth buyers seeking long-term asset p...