The property asset involved in the transaction is a single-family mansion located at 309 Chapel Hill Road in Palm Beach, FL. The sale price was $21,000,000, with a total square footage of 4,498. The property sits on 0.34 acres and was sold at a price per square foot of $4,669, translating to $61,764,706 per acre.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $21,000,000
• Address: 309 Chapel Hill Road
• Market: Palm Beach, FL
• Square Footage: 4,498
• Price per Square Foot: $4,669
• Acres: 0.34
• Price per Acre: $61,764,706
• Buyer: 309 Chapel Hill Road LLC
• Seller: Chapel Hill Road Revocable Trust
• Broker: Christian Angle - Christian Angle Real Estate

Chapel Hill Road Revocable Trust, with Ryan Wilson as trustee, completed the sale to 309 Chapel Hill Road LLC, managed by attorney Edward C. Dawda. The property was previously traded for $15.5 million in 2023, indicating an increase in value and sustained demand from affluent buyers relocating to Palm Beach.