Premier Estate Properties is once again in the national real estate spotlight. The Real Deal has featured the firm’s own Margit Brandt, whose latest closing — a $15.7 Million sale at 122 Bloomfield Drive — now stands as the most significant non-waterfront residential transaction in West Palm Beach history, eclipsing the previous benchmark of $9 Million set in 2024.
The newly constructed residence spans 8,600± square feet and commands $1,820 per square foot — a figure that speaks to the caliber of both the estate and its representation. The residence offers five bedrooms, seven full baths, and one half-bath, served by a private elevator; a dedicated office and temperature-controlled wine storage; and a 40-foot covered loggia with summer kitchen and fireplace, opening to a resort-style pool and spa environ with outdoor shower. Ms. Brandt, Estate Agent with our Palm Beach — Royal Palm Way office, represented the seller in the transaction.
The sale underscores a defining shift in the Palm Beach County market: discerning buyers are increasingly recognizing the value of coastal West Palm Beach, where premier residences trade at $1,500 to $2,000 per square foot — a compelling counterpoint to Palm Beach island, where comparable non-waterfront properties regularly command $3,000 to $4,000 per square foot. As Ms. Brandt observed in The Real Deal, a residence of this caliber could command $25 to $30 Million across the bridge.
The transaction extends a remarkable stretch of record-setting representations for Ms. Brandt across South Florida’s most coveted markets, including her $33.8 Million closing at The Bear’s Club, her $70.8 Million Manalapan estate sale featured in The Wall Street Journal, and her $103 Million in Manalapan transactions.
Record-setting representations of this caliber are the hallmark of Premier Estate Properties — the only boutique brokerage dedicated exclusively to properties in excess of one million dollars for more than three decades. Our Estate Agents are trusted advisors first, bringing independently verified, market-leading performance to every representation.
Read the full article: The Real Deal — $16M West Palm mansion breaks city’s record for priciest non-waterfront sale