Margit Brandt Acquires SFR On Everglades Island For $27.1M

The recently closed property transaction on Everglades Island, Palm Beach involved the sale of a single-family residence located at 584 Island Drive. The transaction took place on August 3, 2021, and was an off-market deal. The property, which is expected to be completed by 2023, is a new build project. Renderings of the property were done by Dailey Janssen Architects. The buyer's representative in the transaction was Margit Brandt.

Summary of transaction details:

• Property Type: Single Family Residence
• Sale Price: $27,135,000
• Address: 584 Island Drive, Everglades Island, Palm Beach
• Market: Everglades Island, Palm Beach

The sale of the property was facilitated by Margit Brandt, who represented the buyer in the transaction. The off-market deal indicates that the property was not publicly listed for sale. The transaction value for the property amounted to $27,135,000. The new build project is set to be completed by 2023, with renderings provided by Dailey Janssen Architects.