Premier Estate Properties draws continued national media attention — this time, as The Real Deal reports the closing of 1333 North Lake Way in Palm Beach at $14.9 million, with Premier Estate Properties Estate Agent Margit Brandt representing the listing. The buyer, Austin C. Willis — CEO of Coconut Creek-based aerospace company Willis Lease Finance Corporation — was represented by Todd Peter of Sotheby’s International Realty.
The property at 1333 North Lake Way comprises 0.6± acres along Palm Beach’s prestigious North Lake Way corridor. Originally constructed in 1956 and spanning 2,800± square feet with four bedrooms, four bathrooms, and a pool, the residence was marketed and acquired as a teardown site — a reflection of the extraordinary land value that characterizes Palm Beach Island, where the premium is now placed not merely on what stands, but on what can be built. The Dursts had purchased the property for $2.9 million in 2015 and subsequently listed both 1333 North Lake Way and the adjacent 250 Angler Avenue as an assemblage, offered at $29.5 million before the properties were sold separately.
Palm Beach Island’s land market continues to operate at a tier entirely its own. In a market where developable parcels are finite and ultra-high-net-worth buyers compete for the opportunity to build bespoke estates from the ground up, the closing of 1333 North Lake Way reinforces the sustained strength of the Island as a destination for transformational residential investment. It is no coincidence that the buyers and sellers operating at this level consistently turn to Premier Estate Properties: the brokerage’s 30-year commitment to exclusively representing properties above one million dollars has produced a depth of market knowledge, a network of qualified buyers, and transactional discretion that no generalist firm can replicate.
Margit Brandt is the unrivaled 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 reflects not simply volume, but the enduring confidence of an exceptionally discerning clientele. In 2025, RealTrends named her among the Top 20 Real Estate Advisors in America, Top 6 in Florida, and Top 2 Individual Agent on Palm Beach Island. Her representation of the Durst estate is a further expression of Premier Estate Properties’ founding principle: that the ultra-luxury tier of the market demands trusted advisors, not salespeople — counsel, not commerce.
Coverage & Listing Details
- Full article: The Real Deal — Douglas Durst Sells Palm Beach Teardown for $15 Million
- Address: 1333 North Lake Way, Palm Beach, FL
- Closing Price: $14.9 Million
- Seller: Douglas and Susanne Durst
- Buyer: Austin C. Willis
About Margit Brandt
Margit Brandt
Estate Agent | Premier Estate Properties — Palm Beach (Worth Avenue)
561.665.7879
[email protected]
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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.