A representative AI image of a luxurious Mediterranean-style estate in Florida. (Image Credits: ChatGPT)
William Wrigley Jr. turned two North Palm Beach properties, which he purchased for a total sum of $17.1 million, and merged them into a compound that broke the Lost Tree Village sales record in 2025. The heir to the Wrigley gum fortune then sold the adjoining holdings in December 2025 for $97.5 million, yielding a price almost six times higher than their combined acquisition cost, according to The Wall Street Journal. The off-market transaction involved two properties at 11465 and 11472 Old Harbour Road, covering 2.5 acres within the private and gated community. The transaction followed a $55 million Lost Tree Village sale in May 2025, which had an oceanfront residence, according to The Real Deal. Wrigley’s other transaction portfolio includes an Aspen, Colorado, mansion, which he sold for $30 million in 2022, as per the Wall Street Journal. The North Palm Beach transaction also falls below the highest residential sale reported in South Florida as of 2025. William Lauder sold two properties at 1063 and 1071 North Ocean Boulevard in Palm Beach, covering 2.3 acres, for more than $160 million earlier that year, according to The Real Deal.
Local agents, in their account to The Wall Street Journal, said the sale price was high for a property without ocean frontage.
