“Luxury homes define the lifestyle of Palm Beach. But land prices are high and waterfront homes are scarce, with some costing $30 million or more for new construction.”
After all, “Where else are you going to go if you want to buy something on the water?” asked real estate broker Rebel Cook, who thinks the bet will pay off. “You go where the water is, and that’s the Intracoastal,” said Cook, leader of the Economic Forum, a business group.
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