The Real Deal Miami

Vacant ocean houses fetch millions

October 09, 2008 09:52AM

A pair of Palm Beach houses on South Ocean Boulevard last week sold for a total of more than $22 million, local real estate brokers reported. A 22,500-square-foot house at 516 South Ocean Boulevard sold for $10.4 million and set a new price-per-oceanfront-foot record for land across the street from the ocean, according to Dana Koch of the Corcoran Group. She represented buyer Robert M. and Amy Feldman of Pennsylvania. The second property, 700 South Ocean Boulevard, was sold for $11.75 million by an Ohio company called 700 South Ocean to builder Paul Wittman and his partner, tabloid titan Peter Callahan.