They routinely tear down $5 million houses down here to build bigger ones. I’m working on a project for the owner of the Phillies. He bought a $24 million house on Palm Beach and tore it down. Tony Robbins bought a $24 million house in Manalapan and tore it down. Elin Woods tore her $12 million house down. Happens all the time.
I think they’re all crazy, but it’s their money.
Yep. Here in Delray Beach, the older single-story homes (mostly seasonal homes) along the intercoastal are getting replaced with 2 or 3 story homes, all for many, many millions.
If I had the kind of money they have, I'd by a house strictly for the lot it sat on. Then I'd have the bulldozers clear it away and build just what I wanted to live in... for a few weeks per year.
When Cleveland, OH, was roaring many decades ago, the rich built million-to-multi-million dollar mansions on the shores of Lake Erie. When they died, many put in their wills that the house be razed—they wanted no one to live in their homes.
And the best part is, some eco-nazis can buy the castoffs of the knock-downs, and lecture the rest of us how “green” they are by “recycling and repurposing”.
It’s a win-win! /sarc