W
est Palm Beach in Florida has long been a magnet for the wealthy, with its exclusive location and luxury properties drawing high-end residents. The area's allure is such that it even boasts a Billionaire's Row on one of its barrier islands. Recent rumors that Elon Musk, the world's richest person, may buy a $100 million condo in West Palm Beach have sparked excitement about the city becoming an ultra-luxury hotspot.

    However, nothing has been confirmed regarding Musk's potential purchase, which is reportedly linked to the recently deceased beauty mogul Sydell Miller's penthouse apartment in the Bristol complex. The 19,000-square-foot unit, which combines two apartments, was purchased by Miller for $43 million in 2019 and could eventually sell for around $100 million.

    Musk has denied the rumors on his social media platform X, but his denials are often seen as a tactic to keep investors and the press guessing. The rumor mill suggests that Musk is interested in the apartment due to its proximity to Mar-a-Lago and Donald Trump, who recently appointed him to lead the Department of Government Efficiency.

    The trend towards ultra-luxury properties in South Florida continues, with high-net-worth individuals like Trump, Jeff Bezos, and Ken Griffin choosing the area as their homes. According to Ned Grace, co-founder of NDT Development, Palm Beach Island has been fully developed for years and can no longer offer the luxury projects that ultra-high-net-worth buyers seek, leading them to look towards West Palm Beach instead.