Premier Estate Properties is distinguished once again in the pages of the Palm Beach Daily News, as Estate Agent Margit Brandt is recognized as the listing agent behind one of South Florida’s most closely-watched residential transactions — the closing of the iconic Kirk estate at 820 S. Ocean Blvd. in Manalapan at $62.5 million.
The compound at 820 S. Ocean Blvd. represents one of the most architecturally distinguished private estates on the South Florida coast. Completed in 2007 on 2.3 acres, the Venetian-style compound commands 215 feet of combined ocean-to-lake frontage — a configuration that places the estate among an exceedingly rare class of properties offering direct access to both the Atlantic Ocean and the Intracoastal Waterway. The main residence encompasses nine bedrooms, sixteen bathrooms, and three half-bathrooms, along with a private theater, spa and wellness facilities, a gym, and a wine room. The grounds include a guest house, two pools, a tennis court, and a private dock. The estate, linked to billionaire Randal J. Kirk — founder and executive chairman of venture-capital firm Third Security LLC — had entered the market in the fall of 2025 at $134 million before transacting at $62.5 million, as reported by the Palm Beach Daily News on May 6, 2026.
The Manalapan ocean-to-lake corridor has become one of the most coveted addresses in all of South Florida luxury real estate, attracting ultra-high-net-worth principals and institutional family offices seeking the singular combination of privacy, compound scale, and direct oceanfront and Intracoastal access that defines this tightly-held enclave south of Palm Beach. The Kirk estate closing illustrates a broader recalibration underway in the region’s ultra-luxury segment — where properties that entered the market at extraordinary valuations during the post-pandemic peak are now transacting at levels that reflect disciplined buyer conviction rather than speculative premium. At $62.5 million, this represents one of the most significant residential closings in Palm Beach County this year.
That a property of this magnitude and profile was represented by Premier Estate Properties is a direct expression of the firm’s singular authority in South Florida’s highest tier of residential real estate. As the region’s only brokerage exclusively dedicated to properties priced at one million dollars and above since 1993, Premier Estate Properties brings to bear a depth of market intelligence, an ultra-high-net-worth client network, and a record of proven performance that no national franchise can replicate. With an intimate group of Estate Agents producing in excess of $3 billion annually in sales volume — the highest per-capita production of any brokerage in the country — the firm’s consistent presence in South Florida’s most consequential transactions is the expression of thirty-plus years of unwavering focus on counsel, not commerce.
Coverage & Transaction Details
- Full article: Palm Beach Daily News — Kirk estate near Palm Beach brings $62.5M after once asking $134M
- Property: 820 S. Ocean Blvd., Manalapan, FL
- Sold Price: $62,500,000
- Original Asking Price: $134,000,000
- Listing Agent: Margit Brandt, Premier Estate Properties
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 Manalapan, Palm Beach, or across South Florida’s most prestigious coastal communities, contact Margit Brandt directly or visit premierestateproperties.com.
