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

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.