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.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.