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2-acre vacant lot in Palm Beach, just minutes from Mar-A-Lago, has hit the market for a staggering $200 million. This price tag is a testament to Palm Beach's status as one of America's most exclusive coastal enclaves, where location is everything when it comes to determining property value. Founded by Henry Flagler, a railroad baron and co-founder of Standard Oil, Palm Beach has been a haven for the wealthy since the late 19th century.

    Flagler's development of the city, including its first luxury hotel and his own Whitehall estate, cemented Palm Beach's reputation as an exclusive destination. Many of America's wealthiest businesspeople followed suit, snapping up prime plots in the area. One such plot was Mar-a-Lago, built by Marjorie Post on 17 acres of prime real estate.

    Since then, almost all of Palm Beach's prime plots have been developed into hotels or palatial estates, driving property values even higher. This has left only a few remaining vacant lots in the city, including the one now for sale at $200 million. With an acre valued at over $2,295 per square foot, this plot is a rare opportunity to own a piece of Palm Beach's exclusive real estate market.