The Bristol Penthouse In West Palm Beach Sells For $28M Record-setting Sale
1100 South Flagler Drive
$28,000,000
$3,032/SF
Building Size
9,232 SF
Asset Type
Condo
Closing
Apr 6, 2024
AI
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:
- Property Type: Condo
- Transaction Amount: $28,000,000
- Address: 1100 South Flagler Drive, West Palm Beach
- Square Footage: 9,232
- Price Per Square Foot: $3,033
- Seller: Bristol 2302 LLC
- Seller's Representative: Christian Angle - Christian Angle Real Estate
- Buyer's Representative: Suzanne Frisbie - The Corcoran Group
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
West Palm Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93