facebook
Traded Co logo
Submit
Daily limit: 0/10

Jay & Jill Bernstein Sell 1.8-Acre Land Assemblage In West Palm Beach For $16M

Property Image
SOLD
$16,000,000

Florida

See Similar Deals
Land
Sold 01/06/2026
the dealplayerscompscontact
Property Image
SOLD

Jay & Jill Bernstein Sell 1.8-Acre Land Assemblage In West Palm Beach For $16M

7621 South Flagler Drive & 101 Alhambra Place

See Similar Deals
Land
Sold 01/06/2026
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

A 1.8-acre assemblage located at 7621 South Flagler Drive and 101 Alhambra Place in West Palm Beach is under contract for a sale price of $16,000,000. This land transaction reflects a significant increase from the $3.7 million that the seller acquired the lots for in 2019–2020.

Summary of transation details:

  • Property Type: Land
  • Transaction Amount: $16,000,000
  • Address: 7621 South Flagler Drive & 101 Alhambra Place
  • Market: West Palm Beach
  • Seller: Jay & Jill Bernstein
  • Broker: Burt Minkoff - Douglas Elliman

This transaction represents the efforts of oil executive Jay Bernstein, who is managing the sale alongside his wife, Jill Bernstein. The deal is part of a larger trend, as indicated by 18 luxury properties in Palm Beach County going under contract last week, totaling $115.6 million with an average price of $6.4 million for single-family homes and $6.3 million for condos.

Players

Burt Minkoff
Douglas Elliman
Burt Minkoff
3 deals$41.3M volume(561) 512-8978
BROKER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Burt Minkoff DATE: 01/06/2026 ADDRESS: 7621 South Flagler Drive & 101 Alhambra Place MARKET: West Palm Beach ASSET TYPE: Land SELLER: Jay & Jill Bernstein BROKER: Burt Minkoff (@BurtMinkoff) - Douglas Elliman (@DouglasElliman) SALE PRICE: $16,000,000 NOTE: An oil executive, Jay Bernstein, is under contract to sell a 1.8-acre assemblage at 7621 South Flagler Drive and 101 Alhambra Place in West Palm Beach for $16 million, nearly quadrupling the $3.7 million he paid for the lots in 2019–2020.Last week, 18 luxury properties in Palm Beach County went under contract totaling $115.6 million, with single-family homes averaging $6.4 million and condos $6.3 million, reflecting continued

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$853,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95