The Wall Street Journal highlights a record-breaking $41 million sale of a Gulf-front estate in Florida’s Panhandle, setting a new benchmark for residential real estate in the region. The property — in the exclusive Paradise by the Sea enclave of Walton County — includes three contiguous lots totaling 0.7 acres and features 180 feet of private Gulf frontage. The sale eclipsed the previous record of $28.5 million, also set in Paradise by the Sea in 2024.
The buyers, Templeton Development LLC, plan to subdivide the land and construct new homes. Brad Dahler of Sotheby’s International Realty represented the buyers in the transaction, noting that a combination of premium acreage and water frontage helped achieve the extraordinary price. The sellers, the McRae family, opted to downsize from the property they had owned for many years.
Read the full article → The Most Expensive Home in Florida’s Panhandle Sells for $41 Million
