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
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