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Palm Beach Shadow Market Hides $300M Mansions
The article discusses a hidden "shadow" market for high-value off-market properties in Palm Beach, Florida, where ultra-wealthy homeowners and buyers operate outside public listings. Despite few publicly available homes, private negotiations and broker networks facilitate multimillion-dollar transactions, with recent deals reaching up to $97 million. Limited inventory and intense competition among agents contribute to a stealthy, high-stakes environment for luxury real estate in the area.
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