While demand for ultra high-end homes \u2014 $40 million and up \u2014 is strong, it can\u2019t prop up the rest of the market. Some agents say they are seeing a trickle-down effect, while others say the opposite.\u00a0<\/p>\n
\u201cIt\u2019s not consistent throughout the market,\u201d said Danny Hertzberg. \u201c[Increased demand has] been overwhelmingly focused on single-family homes, but there have been a few major offers and interest on the condo side. It hasn\u2019t trickled down to the lower price points.\u201d\u00a0<\/p>\n
It\u2019s also too soon to tell, but the recent billionaire boom, which is part of a greater shift propelling wealth and companies to the Sunshine State, is more evidence that owners and C-suite executives are looking to Florida as a safe (and warm) place to park their investments and avoid red tape and income taxes.\u00a0<\/p>\n
Mark Zuckerberg and his wife, Priscilla Chan, are eyeing the waterfront compound at 7 Indian Creek Island Road, which is on the market for $200 million. This pending deal follows a recent flurry of activity, which includes Google co-founder Larry Page\u2019s three residential buys, totaling $188 million, in Coconut Grove. A proposed wealth tax in California brought Page to Miami.<\/p>\n
Palantir made the move on paper ahead of state regulations targeting the use of artificial intelligence in Colorado, which go into effect this summer, and following protests against the company\u2019s ties to ICE and the greater military-industrial complex. Palantir has a market value of more than $312 billion and about 4,000 employees.\u00a0<\/p>\n
Palantir\u2019s announcement was abrupt, and the company has been cryptic about its long-term plan. We don\u2019t know if Industrious is Palantir\u2019s permanent new home, where it plans to open additional offices if it does, and how much space it\u2019s looking to take. Will the company bring most of its employees, or just the decision-makers?\u00a0<\/p>\n
It\u2019s also a move that was probably in the works for a while, and likely helped by its co-founder, billionaire Peter Thiel, who moved to Miami in 2020.\u00a0<\/p>\n
What we\u2019re thinking about: Do you have any details on Palantir\u2019s move? Send me a note at kk@therealdeal.com<\/a>.\u00a0<\/p>\n CLOSING TIME<\/p>\n Residential: In Palm Beach, trusts tied to Lili and Ambrose Monell, Maia Monell and Maurizio Morello sold a lakefront estate at 635 Crest Road for $57 million<\/a>. The buyer was another trust, with Cameron Casey as trustee.<\/p>\n Commercial: Welltower unloaded five senior housing properties with 720 units combined in Palm Beach County for $81.1 million. The buyer was Excelsior Care Group. The properties are located at: 3001 South Congress Avenue and 3600 Old Boynton Road in Boynton Beach; 7225 Boca Del Mar Drive and 375 West Yamato Road in Boca Raton; and 16150 South Jog Road in Delray Beach.<\/p>\n \u2014 Research by Mary Diduch<\/p>\n NEW TO THE MARKET\u00a0<\/p>\n Atlanta-based developer Mary Frances Garrett of M2B Properties listed her oceanfront home in Palm Beach for $69.9 million<\/a>. The 7,000-square-foot, seven-bedroom and 10-bathroom home at 1285 North Ocean Boulevard is on the market with Compass\u2019 Elizabeth DeWoody. The 0.7-acre property has 125 feet of water frontage. The British Colonial-style house includes a heated saltwater pool and a spa.\u00a0<\/p>\n A thing we\u2019ve learned<\/p>\n Hedge funds and investment firms began to bet against Trump\u2019s tariffs last year by buying the rights to potential tariff refunds at pennies on the dollar from struggling importers. Now that the Supreme Court stuck down Trump\u2019s tariff policy on Friday, they stand to make millions of dollars.<\/a>\u00a0<\/p>\n Elsewhere in Florida<\/p>\n State lawmakers voted to rename Palm Beach International Airport after President Donald Trump. The rebranding could cost more than $5.5 million, Politico<\/a> reports. Gov. Ron DeSantis still has to sign the bill into law.\u00a0<\/p>\n The Florida House also voted to eliminate non-school property taxes on primary homes, a measure that next heads to the state Senate. It would then require 60 percent of voters’ approval in a November election to become law, according to WLRN<\/a>.\u00a0<\/p>\n![\"1285](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/02\/The-Weekly-Dirt-Palantir-heads-to-Miami-but-will-the-real-estate-impact-match-Citadels-priciest.jpg\")
1285 N Ocean Blvd, Palm Beach (Google Maps)<\/p>\n