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Exquisite Palm Beach Spec Home Sells for $31M

390 N Lake via Redfin It just became an especially jolly holiday season for the owners at 390 N Lake in Palm Beach, who just sold a two-story, lakefront Georgian-inspired spec home for $31.4 million this week. The property last sold for $9.17 million in 2012, rounding out to a juicy profit of over just over $22 million. The sale is the second-highest price paid for a residential property in Palm Beach within the last year, notes the Palm Beach Daily News. It offers 130 feet of lake front, five bedrooms, seven bathrooms and measures up at just over 10,000 square feet.

· 390 N Lake Way [Redfin]
· Lakefront Spec Home Sells For $31.4 Million [PBDN]