Real estate watchers who predicted a new bounce in Palm Beach land prices need look no further than the reported sale of cosmetic scion William Lauder’s oceanfront parcel for close to $180 million. The deal was first reported by the Wall Street Journal last week. While the identity of the buyer is still cloaked in secrecy, once it’s revealed we hear the news may create even more buzz in a town that is already buzzing. Christian Angle handled the sale with Ryan Serhant of Million Dollar Listing fame.
