The Real Deal and the South Florida Business Journal have both recognized Premier Estate Properties following a landmark waterfront transaction on Palm Beach Island. Estate Agent Margit Brandt represented the sellers, Bryan and Serena Mattson, in the sale of 1610 North Ocean Boulevard — a magnificent waterfront estate that closed at $55,200,000, more than doubling in value since its last sale in 2019.
The buyers, Gary Smith — the former Chief Operating Officer of Red Bull — and his wife Kaylnn Smith, acquired the residence for $6,794 per square foot. Originally listed at $65 million, the transaction represents a 116 percent appreciation in value over seven years, a testament to the enduring desirability of Palm Beach Island’s most coveted waterfront addresses and the expert stewardship of Premier Estate Properties’ marketing.
The Real Deal noted the sale as a standout transaction within the Palm Beach luxury market, citing the surge in demand for turnkey waterfront mansions from ultra-high-net-worth buyers — a trend that continues to drive record-setting results for Premier Estate Properties’ clientele. The South Florida Business Journal further underscored the significance of the transaction, contextualizing it within the broader renaissance of Palm Beach waterfront values.
This result is a direct reflection of Premier Estate Properties’ results-driven marketing approach — a multi-million dollar commitment to presenting each estate before the most qualified audience of buyers, both domestically and through its global network via Luxury Portfolio International and Leading Real Estate Companies of the World. With more than three decades of exclusive representation for properties in excess of one million dollars, Premier Estate Properties does not merely list properties — it commands the market.
Read the full coverage in The Real Deal →
Read the full coverage in the South Florida Business Journal →
Margit Brandt
Estate Agent | Palm Beach – Royal Palm Way Office
Phone: 866.220.1275
Email: [email protected]
www.margitbrandt.info
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Ready to achieve record-setting results for your luxury estate? Contact Premier Estate Properties — South Florida’s most time-tested and proven authority in million-dollar-plus real estate. Call 866.281.3884 or visit premierestateproperties.com.
Frequently Asked Questions
How much have Palm Beach waterfront homes appreciated since 2019?
One Palm Beach waterfront estate more than doubled in value, rising 116 percent between its 2019 purchase and its April 2026 sale at $55.2 million. The North Ocean Boulevard home sold for $6,794 per square foot after being listed at $65 million. Details: https://premierestateproperties.com/premier-estate-properties-featured-in-the-real-deal-palm-beach-waterfront-estate-sells-for-55-2-million-doubling-in-value/
How much did the North Ocean Boulevard estate sell for?
The waterfront estate at 1610 North Ocean Boulevard in Palm Beach sold for $55,200,000 in April 2026, or $6,794 per square foot. It was originally listed at $65 million and had last sold in 2019, so the price represented a 116 percent gain in seven years. Margit Brandt of Premier Estate Properties' Palm Beach office represented the sellers. Read more: https://premierestateproperties.com/premier-estate-properties-featured-in-the-real-deal-palm-beach-waterfront-estate-sells-for-55-2-million-doubling-in-value/