Estate On Palm Beach's Billionaire Row Sells For A Bargain
RENEE MONTAGNE, HOST:
Speaking of building, our last word in business today comes from the Florida real estate market - and the word is: deep discount.
LINDA WERTHEIMER, HOST:
Florida's housing market is picking up in places, but a home in Palm Beach just sold for 40 percent less than the asking price. Then again, it was one of the state's priciest listings.
MONTAGNE: The 20,000 square foot home was originally on the market for $74 million. According to The Wall Street Journal, it sold on Friday for a mere $42 million.
WERTHEIMER: The nine bedroom French chateau-style estate is located in an area known as Billionaire's Row. So I guess you could call the deal a Billionaire's Bargain.
And that's the business news on MORNING EDITION from NPR News. I'm Linda Wertheimer.
MONTAGNE: And I'm Renee Montagne. Transcript provided by NPR, Copyright NPR.