Cosmetics billionaire William P. Lauder razed Palm Beach houses on both side-by-side oceanfront lots over the past several years.

Billionaire William Lauder has struck a deal to sell two oceanfront lots in Palm Beach, Fla., for close to his original $200 million asking price, according to people familiar with the situation.

Estée Lauder cosmetics billionaire William P. Lauder is on the seller’s side of ... Darrell Hofheinz is a USA TODAY Network ...

Two side-by-side beachfront lots in Palm Beach, Florida ... a vacant-land sale in the wealthy town. Estée Lauder heir and billionaire William P. Lauder had listed the two lots separately for ...