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Palm Beach Real Estate Fever Rises With Temps

As the winter season draws to a close, large luxury sales trading in the Palm Beach real estate are heating up.

The founder of Fiji Water made a splash when he sold his estate at 5 Golfview Road in Palm Beach for $44.93 million, The Palm Beach Daily News reported earlier this month. David Harrison Gilmour, a Canadian businessman who sold the water company for $50 million in 2004, bought the now 8,619-square-foot house for $3.75 million in 1997. The home was sold privately.

In late January, a residence near the North End of Palm Beach Island sold for $22.5 million – after selling in June 2021 for $18 million. The turnkey, approximately 7,200-squarefoot home at 365 North Country Road sits on an oversized 24,400-square-foot lot, close to the beach and with prime entry to the Lake Trail. The formal entrance features the historic tiled arch, originally from the iconic Stotesbury Estate, El Mirasol, which was otherwise demolished in 1959. Margit Brandt of Compass represented the seller.

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