Updated Mar 17, 2026
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
About this deal
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.
On the Map
$30,000,000
$6,450/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $6.5K per square foot on a published $30M for 4,651 square feet (2026).
Visit Christopher Hughes Bode to view all their deals.
Browse Palm Beach single family sales on Traded.
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