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751 Island Drive

Richard And Scott Johnson Sell Bermuda-Style Home In Palm Beach For $30 Million
SOLDSingle Family

Richard And Scott Johnson Sell Bermuda-Style Home In Palm Beach For $30 Million

751 Island Drive

$30,000,000

$6,450/SF

Building Size

4,651 SF

Asset Type

Single Family

Closing

Mar 12, 2026

AI

The property involved in this transaction is a single-family home located at 751 Island Drive in Palm Beach. It sits on a 0.4-acre lot and encompasses 4,651 square feet. The asset was sold for $30 million, translating to a price per square foot of $6,450.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $30,000,000
  • Address: 751 Island Drive
  • Market: Palm Beach
  • Asset Size: 4,651 SF
  • Price Per Square Foot: $6,450
  • Sellers: Richard & Scott Johnson
  • Buyer's Representative: Christian Angle - Christian Angle Real Estate
  • Sellers' Representatives: Jim McCann & Christopher Hughes Bode - Premier Estate Properties

This transaction highlights the involvement of Richard and Scott Johnson as the sellers, representing their late parents' estate in the sale of the property. The agents from Premier Estate Properties, Jim McCann and Christopher Hughes Bode, facilitated the sale, while Christian Angle from Christian Angle Real Estate represented the buyer in this high-value transaction.

Players

James McCann

Premier Estate Properties

Broker

$541.1M

vol

22 deals

Broker
Scott Johnson

Scott Johnson

Seller

$56M

vol

7 deals

Seller

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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93