The raze race: Florida’s uber rich buy $100M-plus homes to bulldoze

Some of Florida’s wealthiest buyers are snapping up triple-digit estates not to live in them, but to trash them. In a trend unfolding across the country, the uber rich are buying $100 million-plus mansions just to knock them down, as they compete for coveted land, the Wall Street Journal reported.  With a wealthy population and low oceanfront land inventory, Palm Beach has become the poster child of that trend, the outlet said.  One trendsetter was beauty heir William Lauder, who bought the late radio host Rush Limbaugh’s Palm Beach estate for $155 million, setting a record in 2023. The house, […]

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