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The Bristol Penthouse In West Palm Beach Sells For $28M Record-setting Sale

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SOLD
$28,000,000

Florida

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Condo9,232 SF
Sold 04/06/2024
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SOLD

The Bristol Penthouse In West Palm Beach Sells For $28M Record-setting Sale

1100 South Flagler Drive

See Similar Deals
Condo9,232 SF
Sold 04/06/2024
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,032
Total Square Footage:9,232 SF
Transaction Type:Sale

A penthouse at The Bristol in West Palm Beach, sold for about $28 million, setting a new building record. The property, located at 1100 South Flagler Drive, West Palm Beach, is a spacious condo spanning 9,232 square feet with a price per square foot of $3,033. The seller, Bristol 2302 LLC, finalized the sale to the Bristol 2302 Trust.

Summary of transation details:

The deal's key individuals include Suzanne Frisbie from The Corcoran Group, representing the buyer in the transaction. Additionally, Christian Angle from Christian Angle Real Estate served as the seller's representative, contributing to the success of the sale. The sale of this luxury condo marks a significant milestone in the area's real estate market, showcasing the demand for high-end properties in West Palm Beach.

Players

Christian Angle
99 deals$2.7B volume(561) 659-6551
BROKER

Suzanne Frisbie
The Corcoran Group
47 deals$1.4B volume
BROKER

Details

SOLD
IMAGE: 04/06/2024 ADDRESS: 1100 South Flagler Drive MARKET: West Palm Beach ASSET TYPE: Condo SELLER: Bristol 2302 LLC BUYER'S REP: Suzanne Frisbie - The Corcoran Group SELLER'S REP: Christian Angle - Christian Angle Real Estate SALE PRICE: $28,000,000 SF: 9,232 ~ PPSF: $3,033 NOTE: A penthouse at The Bristol in West Palm Beach, sold for about $28 million, setting a new building record, with Gerald S. Fineberg's ownership company selling to the Bristol 2302 Trust. The six-bedroom unit offers panoramic views, spanning 12,053 square feet, and was listed by Christian Angle, while the buyer was represented by Suzanne Frisbie, contributing to the area's record-setting luxury real estate market.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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