The Real Deal Miami

Kravis pays $9.2M for Palm Beach lot

April 18, 2012 10:30AM

324 Cherry Lane

Philanthropist Henry Kravis has purchased a lot at 324 Cherry Lane in Palm Beach for $9.2 million, according to the Palm Beach Daily News. Kravis bought the nearly 30,000-square-foot lot, which is south of his property on North Lake Way, through a limited liability company. “It’s a gorgeous piece, about 30,000 square feet and very high — that’s what the attraction is,” said Corcoran’s Paulette Koch, who handled both sides of the deal with her son, Dana Koch. “It has very good views overlooking the bicycle trail and the Intracoastal Waterway.” [Palm Beach Daily News]