Margit Brandt Of Premier Estate Properties Sells Single Family Home In Palm Beach For $13.5M
422 Australian Avenue
$13,500,000
$3,585/SF
Building Size
3,765 SF
Asset Type
Single Family
Closing
Apr 30, 2026
AI
A single-family home was sold for $13,500,000 at 422 Australian Avenue in Palm Beach. The property spans 3,765 square feet, achieving a price per square foot of $3,586, which is above the local average. This newly built residence features four bedrooms and was completed in 2025, with its initial listing price set at $13,999,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,500,000
- Square Footage: 3,765
- Price per Square Foot: $3,586
- Address: 422 Australian Avenue
- Market: Palm Beach
- Broker: Margit Brandt - Premier Estate Properties
The transaction was handled by Margit Brandt, who represented the deal through Premier Estate Properties. The identities of the buyer and seller have not been disclosed.
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93