Michael A. Balmuth Sells Palm Beach Single Family Home For $13.075M

The property at 154 Atlantic Avenue in Palm Beach was sold by Michael A. Balmuth for $13,075,000. The single-family asset spans 3,892 square feet, equating to a price per square foot of $3,359. The Bermuda-style residence features four bedrooms, wide-plank white-oak floors, and a Savant smart-home system. Designed by Michael Perry of MP Design & Architecture, the house saw its value double since Balmuth bought it in July 2020 during the pandemic real estate boom.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $13,075,000
• Address: 154 Atlantic Avenue
• Market: Palm Beach
• Square Footage: 3,892
• Seller: Michael A. Balmuth
• Buyer's Rep: Elizabeth Savage - Brown Harris Stevens
• Seller's Rep: Dana Koch - The Corcoran Group

Elizabeth Savage from Brown Harris Stevens represented the buyer, while Dana Koch from The Corcoran Group represented Michael A. Balmuth in this real estate transaction in Palm Beach. The property, boasting elegant features and a significant increase in value, captured the attention of discerning buyers in the market.