The real estate market in Palm Beach, Florida, is experiencing a significant surge, driven by the presence of former President Donald Trump at Mar-a-Lago. High-end properties and vacant lots are commanding unprecedented prices, with several notable listings setting records. This boom has sparked interest from billionaires and investors alike, transforming Palm Beach into a hotspot for luxury real estate transactions.

Florida’s Palm Beach has become a focal point for luxury real estate enthusiasts, largely due to the influence of former President Donald Trump. The area, known as "Billionaire's Row," has seen a remarkable increase in high-priced property sales. One of the most striking examples is a 2-acre vacant lot located near Mar-a-Lago, which was recently relisted for $200 million. The owner, Nathan Royce Silverstein, had previously attempted to sell it for $150 million in 2022. The lot offers both oceanfront and Intracoastal Waterway access, making it highly desirable. Additionally, there are plans for a 20,000-square-foot residence that have already been prepared for approval by the Architectural Review Commission.

Real estate brokers attribute this surge to what they call the “Trump bump.” Margit Brandt, a prominent agent who represented the buyer in Palm Beach’s most expensive sale of 2024, noted that the market has seen substantial activity in the post-election era. She highlighted that many high-priced listings are not just hypothetical but are seeing real movement. Data from Douglas Elliman shows a 157% increase in signed contracts for homes priced between $5 million and $9.99 million from January 2024 to January 2025. Sales of homes over $10 million have also surged, with 13 homes sold in January 2025 compared to only three in the same period last year.

Beyond vacant lots, several other properties are making headlines. A speculative mansion in Manalapan, Florida, listed at $285 million, is currently the most expensive new home listing in the United States. If sold at this price, it would set a new record for Palm Beach. The proposed 50,000-square-foot home includes amenities like a car museum, an indoor shooting range, and a bowling alley. Another noteworthy transaction involved two oceanfront lots owned by Estée Lauder heir William P. Lauder, which sold for $173 million after initially being listed for $200 million. Lastly, a private island in Palm Beach sold for $152 million in 2024, marking a record for lakefront properties.

The Palm Beach real estate market is witnessing unprecedented growth, fueled by the allure of living near Mar-a-Lago and the influx of wealthy buyers. The combination of prime locations, exclusive amenities, and the “Trump bump” has created a perfect storm for luxury property sales. As more high-profile listings emerge, Palm Beach continues to solidify its position as a premier destination for the ultra-wealthy, reshaping the landscape of Florida’s real estate market.