David L. Lewis And Nancy L. Lewis Buy Palm Beach Townhouse For $15 Million With Broker Representation
218 Brazilian Avenue
$15,000,000
$2,811/SF
Building Size
5,335 SF
Asset Type
Single Family
Closing
Apr 17, 2026
AI
A single-family residence located at 218 Brazilian Avenue in Palm Beach was sold for $15,000,000. The asset encompasses 5,335 square feet of living space and was constructed in 2022. It was listed at $16.9 million before finalizing the transaction, which indicates a trend of ongoing demand for upscale properties in Midtown Palm Beach.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,000,000
- Address: 218 Brazilian Avenue
- Market: Palm Beach
- Square Footage: 5,335
- Price Per Square Foot: $2,812
- Buyer: David L. & Nancy L. Lewis
- Seller: Bennie M. & Stephanie C. Bray
- Buyer's Representative: Daniel Ekerold - Douglas Elliman
- Seller's Representative: Allison Wren - The Corcoran Group
Bennie M. Bray and Stephanie C. Bray transferred ownership of the property through the Bray Family Trust. The transaction marks a significant event in the luxury real estate market of Palm Beach, facilitated by the collaboration of Douglas Elliman and The Corcoran Group.
Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93