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 sale involved a 2.5-acre property located at 11465 and 11472 Old Harbour Road in Lost Tree Village, a private golf community. The buyer’s identity was not disclosed.
According to the Wall Street Journal, this off-market transaction is the highest-priced sale ever recorded in Lost Tree Village and could be the most expensive residential deal in North Palm Beach to date. It also stands as one of the top residential sales in South Florida this year and is the second-highest in Palm Beach County for 2025.
Gary Pohrer of Serhant represented Wrigley, while Donna Hutchins of Douglas Elliman represented the buyer. Douglas Elliman confirmed that the deal closed on Friday.
The estate consists of two mansions constructed in 2013 and 2014, along with multiple docks. Records show that Wrigley acquired the larger portion of the property for $11 million in 2009 and purchased the smaller piece for $6.1 million in 2010.
Forbes estimates William Wrigley Jr.’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.
Earlier records for high-priced home sales in Lost Tree Village include Maurice Pinsonnault’s mansion at 12032 East End, which sold for $55 million last May to an undisclosed buyer. Oracle co-founder Larry Ellison previously set North Palm Beach’s record with his $80 million purchase of a 7.4-acre oceanfront estate within Seminole Landing.
This year’s most expensive home sale in South Florida occurred in Palm Beach, where billionaire William Lauder sold two parcels totaling 2.3 acres at 1063 and 1071 North Ocean Boulevard for more than $160 million. Sources reported that Charles Simonyi, known as Microsoft Excel’s creator, bought these properties as part of a larger assemblage valued at approximately $350 million on Palm Beach island.
Katherine Kallergis contributed reporting.
