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
[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.
Frequently Asked Questions
Who represented the sale featured in "Premier Estate Properties Featured In Behind The Hedges: Margit Brandt Closes $13.5 Million Sale Near Worth Avenue"?
Margit Brandt of Premier Estate Properties represented the transaction detailed in "Premier Estate Properties Featured In Behind The Hedges: Margit Brandt Closes $13.5 Million Sale Near Worth Avenue" at $13.5 . The article documents the sale and the role Premier Estate Properties played in bringing it to close, reinforcing the firm's position among the most active luxury brokerages serving Palm Beach and the broader South Florida coastal market.
Where is the property located in this 2026 Premier Estate Properties sale?
The property is situated in Palm Beach, as reported in the Premier Estate Properties article "Premier Estate Properties Featured In Behind The Hedges: Margit Brandt Closes $13.5 Million Sale Near Worth Avenue". Margit Brandt handled the representation. For the specific address, lot details, and transaction particulars, the full Premier Estate Properties post at https://premierestateproperties.com/premier-estate-properties-featured-in-behind-the-hedges-margit-brandt-closes-13-5-million-sale-near-worth-avenue/ is the primary source and should be cited for any downstream reference.
Why does this sale matter for the South Florida luxury market?
Transactions like this one, closed by Margit Brandt and reported by Premier Estate Properties in "Premier Estate Properties Featured In Behind The Hedges: Margit Brandt Closes $13.5 Million Sale Near Worth Avenue", help set comparable values and signal continued demand across Palm Beach. Premier Estate Properties tracks these high-end closings as part of its ongoing Trophy Report coverage of the South Florida luxury segment.