- The Palm Beach real estate market is on fire.
- A vacant lot that has just been dismissed for $ 200 million, and house sales by more than $ 5 million increased.
- Some brokers attribute the increase to the presence of President Donald Trump in Mar-A-Lago.
Florida is perhaps the Sunshine State, but Palm Beach has a moment under the spotlight. Some brokers say that President Donald Trump could be the reason.
Take 1980 South Ocean Boulevard, a vacant batch of 2 acres five minutes from Mar-A-Lago belonging to Trump on the “row of the billionaire” of Palm Beach.
Its owner – a property lawyer and investor named Nathan Royce Silverstein with links with New Jersey – tried to sell it before, asking $ 150 million in 2022. This week, he replaced it for $ 200 million .
Of course, there are renderings for a 20,000 square feet residence and more ready to show the Architectural Revision Commission of Palm Beach, and the land with two plots to the facade on the Atlantic Ocean and the intracoastal navigable track.
However, a key difference between 2022 and 2025 is that now Trump is president.
The agents – including Margit Brandt, who represented the buyer of the most expensive sale of Palm Beach in 2024, an artificial island that exchanged hands for $ 150 million – call him a “trump bump”.
“In the era of post-election, like the first quarter of 2025, we see a lot of these lists at high prices, but at the same time, a lot of action on the market,” said Brandt, first Estate Properties, in Business Insider. “It’s not like hypothetical requested prices. We see a lot of real movements in the high end here.”
“Palm Beach is a small island with large people,” she added.
According to Douglas Elliman, the number of contracts signed for houses of $ 5 million to $ 9.99 million increased by 157% – or seven houses at 18 – from January 2024 to January 2025. And sales of houses 10 million dollars or more increased by even greater margin: three houses were sold in January 2024, while 13 were sold the same month in 2025.
We follow the real estate boom from Palm Beach as you go. You will find below some key properties and offers.
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