Updated Apr 20, 2026
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
About this deal
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.
On the Map
$15,000,000
$2,811/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $2.8K per square foot on a published $15M for 5,335 square feet (2026).
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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