William Lauder Agrees to Sell Palm Beach Lots for Nearly $200 Million

Billionaire William Lauder is on the verge of finalizing a deal to sell two oceanfront lots in Palm Beach for approximately $178 million, potentially setting a new sales record for the area. Originally listed for $200 million, Lauder adjusted the price before receiving an offer that closely aligns with his initial asking price. If the sale closes above $170 million, it would surpass the previous record held by car dealer Michael Cantanucci, who purchased a nearby property for $170 million in 2023. Lauder, who previously served as the executive chairman of Estée Lauder Companies, assembled the lots by purchasing them separately and then demolishing existing homes to create a blank canvas for buyers. The properties were pulled from the market shortly before the deal was reported, with reality TV star Ryan Serhant acting as the listing agent. This potential sale reflects the booming luxury real estate market in Palm Beach, where prices have surged significantly since the pandemic.