Premier Estate Properties once again draws the attention of the luxury real estate media — this time, as Behind The Hedges reports the closing of a newly finished Mediterranean residence just three blocks from Worth Avenue in Palm Beach, with Premier Estate Properties Estate Agent Margit Brandt representing the transaction at $13.5 million.
The residence at 422 Australian Avenue — a turn-key 3,765± square-foot Mediterranean estate positioned at the heart of Palm Beach Island — closed on March 2, 2026, at $13.5 million, equating to $3,586 per square foot. That figure stands more than twice Palm Beach’s market median of approximately $1,730 per square foot, reflecting the exceptional finish level and mid-island positioning that defines this offering. Completed in 2025, the four-bedroom, five-and-a-half-bathroom residence features Cypress trim, Dominican Coral hardscape, French limestone floors throughout the first level, hardwood on the second, a stone fireplace, and a resort-style pool and loggia. An elevator services both floors, and a serene primary suite on the second level offers dual bathrooms and closets, a sitting area, a wet bar, and a private pool-facing terrace.
Palm Beach Island continues to command a price premium that reflects its singular status among the world’s most coveted residential enclaves — a finite, tightly held market where discerning ultra-high-net-worth buyers compete for properties of uncompromising quality and irreplaceable location. A residence positioned within walking distance of Worth Avenue’s world-class dining, boutiques, and the Palm Beach Marina represents precisely the lifestyle convergence that the global clientele served by Premier Estate Properties actively seeks.
Margit Brandt has established herself as the definitive authority on Palm Beach Island real estate. As of April 2026, she has achieved personal market activity of $650 Million Sold or Pending year-to-date — a figure that speaks not merely to volume, but to the sustained trust of an exceptionally discerning clientele. Her ability to originate, position, and close listings of this caliber is the direct expression of Premier Estate Properties’ founding principle: that the highest tier of the market demands counsel, not commerce. For more than three decades, Premier Estate Properties has been South Florida’s only brokerage exclusively dedicated to properties priced at one million dollars and above, delivering results that no generalist firm can replicate.
Coverage & Listing Details
About Margit Brandt
Margit Brandt
Estate Agent | Premier Estate Properties — Palm Beach (Worth Avenue)
561.665.7879
margit@premierestateproperties.com
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To explore available estates in Palm Beach or to discuss a confidential listing representation, contact Margit Brandt directly or visit premierestateproperties.com.
