This location that was introduced a few seasons ago and offers a couple of truly great landing spots. However, the best one is located on the eastern shore at the farmhouses (shown by the red dot in the map above).
There are more than enough chests both inside the building and outside by the rock formations. You could also check the area around and inside the scrap yard a bit to the south.
The last reason why Paradise Palms is a great Fortnite landing zone is that you will find an open portal rift with a ramp to jump right into it, which is a great opportunity to quickly travel to another location.