One of The Bristol’s original buyers sells condo for more than $15M in West Palm Beach
With downtown West Palm Beach and its immediate neighborhoods bulging with new condominium towers — and plans in the works for several more — it can be easy to overlook The Bristol, the building that helped spark the ultra-luxury trend.
Until, that is, millions of dollars change hands for a condo at the tower, which stands just south of the Royal Park Bridge on the South Flagler Drive waterfront.
In a recent sale recorded at $15.175 million, one of the tower’s original buyers — a Delaware-registered limited liability company named Grandin LLC — sold a five-bedroom condo, No. 2203. On the 22nd floor at 1100 S. Flagler Drive, the condo has 7,166 square feet of space, inside and on its wraparound balcony, with about 5,000 square feet under air conditioning.
South-facing windows look straight down the Intracoastal Waterway from condominium No. 2203, which just sold for a recorded $15.175 million in The Bristol ultra-luxury tower in West Palm Beach.
Based on the total square footage and the recorded sale price, the condo sold for about $2,118 per square foot. But the apartment sold for more than the price recorded at the courthouse, the Palm Beach Daily News confirmed with several people familiar with the transaction, although the exact amount remains elusive.
In transactions such as these, the publicly reported price sometimes does not reflect items such as commissions, fees and even the value of furniture or artwork that could have changed hands in the sale.
The deed recorded Oct. 3 lists the buyer as attorney John B.T. Murray Jr., who acted as trustee of The Bristol 2203 Land Trust. Murray, who is based in Gunster’s West Palm Beach office. He declined to talk about the sale.
The wraparound balcony of unit No. 2203 at The Bristol offers a view of the Intracoastal Waterway, the Royal Park Bridge to Palm Beach and the Atlantic Ocean. The condo just sold for a recorded $15.175 million.
Three Palm Beach-based agents were on both sides of the transaction, and all declined to discuss the transaction and their clients.
Lisa and John Cregan of Sotheby’s International Realty held the listing. They had originally priced the apartment at $24.95 million when it entered the market in May 2024. The asking eventually dropped to $22.9 million.
Agent Tommy Holmes of Illustrated Properties acted for the buyer.
On the seller’s side, Michael Bourdon signed the deed as manager of Grandin LLC, which has a Chicago mailing address. Bourdon could not be reached.
Grandin had paid $12.19 million for the condo while the building was still in the early-construction stages. The sale closed in 2020, the same year The Bristol was completed. It was developed by Flagler Investors Ltd., led by Al Adelson along with Eugene Golub of Golub & Co. in Chicago and Jack Azout of Elion Partners in Aventura.
The Bristol, center, is an ultra-luxury condominium tower that overlooks the South Flagler Drive waterfront in West Palm Beach.
Public records reveal little else about Grandin LLC, but the Cregans’ listing says the owner is an interior designer who decorated the unit with high-end finishes and materials.
Like other units at The Bristol, the condo slices through the building from east to west, a design that delivers views of the Intracoastal Waterway, Palm Beach and the Atlantic beyond, along city views to the west. And because the apartment runs along the south side of the building — on a floor with only three units — windows and the balcony also offer dramatic vistas straight down the Intracoastal Waterway.
Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email dhofheinz@pbdailynews.com, call 561-820-3831 or tweet @PBDN_Hofheinz. Subscribe today to support our journalism.
This article originally appeared on Palm Beach Daily News: Condo at The Bristol fetches $15.175 million across from Palm Beach
