![Fane Lozman and his 29 acres of submerged land [Credit: Thomas Cordy]](https://static.therealdeal.com/wp-content/uploads/2014/09/20140813_met_fanebeach_020.gif)
After emerging victorious from an eminent domain case with the U.S. Supreme Court, Fane Lozman is preparing to occupy a mostly submerged lot.
Last year, Lozman persuaded the Supreme Court that Riviera Beach illegally seized and destroyed his houseboat, according to the Palm Beach Post. Now he has paid $24,000 for 29 acres of submerged land and about a third-acre of upland on the western shore of Singer Island.
He hopes to one day anchor a 60-foot-long floating home to the property — one that served as Frank Sinatra’s base of operations in the forgettable 1960 detective movie, “Lady in Cement.”
“My plan is to develop this into an upscale floating home community,” Lozman told the Post. [Palm Beach Post] – Christopher Cameron