William Wrigley Jr., an heir to the Wrigley chewing gum fortune, has sold a waterfront compound in North Palm Beach for $97.5 million. The property, located at 11465 and 11472 Old Harbour Road, was sold to an undisclosed buyer in an off-market transaction, according to the Wall Street Journal. This sale sets a new record as the most expensive ever recorded in Lost Tree Village, a private golf community, and could be the highest-priced residential deal in North Palm Beach.
The transaction is among the most expensive residential sales in South Florida this year and is the second-highest in Palm Beach County for 2025. Gary Pohrer of Serhant represented Wrigley in the sale, while Donna Hutchins of Douglas Elliman represented the buyer. The deal closed on Friday, as confirmed by Elliman.
The estate consists of two mansions built in 2013 and 2014 and includes multiple docks. Records show that Wrigley purchased the larger parcel for $11 million in 2009 and acquired the smaller piece for $6.1 million in 2010.
Forbes estimates Wrigley’s net worth at $3.6 billion. He assumed leadership of his family’s business in 1999 before selling it to Mars Inc. for $23 billion in 2008.
Previously, the record price for a home sale in Lost Tree Village was set at $55 million with Maurice Pinsonnault’s mansion at 12032 East End being sold earlier this year to another undisclosed buyer.
In North Palm Beach more broadly, Oracle co-founder Larry Ellison previously held the top spot with his $80 million purchase of a 7.4-acre oceanfront property within Seminole Landing.
The largest home sale so far this year across South Florida occurred when billionaire William Lauder sold properties totaling more than $160 million at 1063 and 1071 North Ocean Boulevard in Palm Beach. According to sources, Charles Simonyi—known as the creator of Microsoft Excel—was identified as the buyer as part of a larger assemblage on Palm Beach Island valued at about $350 million.
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