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1100 South Flagler Drive, U...

Bristol 2203 Land Trust Acquires Condo At The Bristol Palm Beach For $15.175M
SOLDCondo

Bristol 2203 Land Trust Acquires Condo At The Bristol Palm Beach For $15.175M

1100 South Flagler Drive, Unit 2203

$15,175,000

$3,043/SF

Building Size

4,986 SF

Asset Type

Condo

Closing

Sep 30, 2025

AI

A condo located at 1100 South Flagler Drive Unit 2203 in West Palm Beach has been sold for $15,175,000. The property spans 4,986 square feet and features four bedrooms and 5.5 bathrooms. This unit on the 22nd floor of The Bristol Palm Beach was purchased by the Bristol 2203 Land Trust at a price of $3,044 per square foot.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $15,175,000
  • Address: 1100 South Flagler Drive Unit 2203
  • Market: West Palm Beach
  • Asset Size: 4,986 sq. ft.
  • Price per Square Foot: $3,044
  • Buyer: Bristol 2203 Land Trust
  • Seller: Grandin LLC
  • Buyer's Representative: Thomas Holmes - Illustrated Properties
  • Seller's Representatives: John Cregan & Lisa Cregan - Sotheby's International Realty

The condominium transaction showcases the involvement of multiple parties, with Thomas Holmes representing the buyer and the Cregan duo, John and Lisa, representing the seller. This sale marks a significant event within the luxury property market, highlighting the continued interest in high-value waterfront residences in the area.

Players

Lisa Cregan

Sotheby's International Realty

Broker

$146.8M

vol

8 deals

Broker

Boston Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93