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422 Australian Avenue

Margit Brandt Of Premier Estate Properties Sells Single Family Home In Palm Beach For $13.5M
SOLDSingle Family

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.

Players

Margit Brandt

Premier Estate Properties

Broker

$1.7B

vol

55 deals

Broker

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