James McCann Of Premier Estate Properties Represents Buyer In Sale Of Jimmy Buffett's Palm Beach Cottage For $6.11M

The property involved in this transaction is a single-family home located at 138 Root Trail in Palm Beach. It features a square footage of 1,523 and is sold at a price of $6,112,500, which reflects a price per square foot of $4,013. This asset was listed for sale at $7.25 million before it was sold below the asking price.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $6,112,500
• Address: 138 Root Trail
• Market: Palm Beach
• Square Footage: 1,523
• Price Per Square Foot: $4,013
• Buyer's Representative: James McCann - Premier Estate Properties
• Seller's Representative: Blake Hanley - Brown Harris Stevens

This transaction involved key individuals in the real estate industry with James McCann representing the buyer and Blake Hanley representing the seller. Notably, the property was previously owned by musician Jimmy Buffett, who purchased it in 2002 and included a separate music studio as part of the home. The sale contributes to the limited number of transactions recorded in the historic beach-adjacent area.