The mega-mansion at 1446 North Ocean Boulevard in Palm Beach, listed for $96 million, is now in contract after Leonard Riggio, founder of Barnes & Noble, decided to sell it last month. This high-profile sale indicates the ongoing demand for ultra-luxury properties despite market fluctuations.
Oceanfront properties in Palm Beach are prime assets, sought after by the billionaire elite, with recent big-ticket sales including properties valued at over $85 million. These trophy properties are seen as ultimate status symbols, with their values continuing to rise over time.
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