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The Real Deal Miami

Palm Beach’s 575 Island Drive home sells for $10 million

July 06, 2012 11:15AM

575 Island Drive

The home at 575 Island Drive in Palm Beach has sold for $9.7 million, the Palm Beach Daily News reported. The seller was Carol Bernon, who sold the property to part-time Palm Beach residents Jeffrey and Martha Brown Libert and a trust. Bernon had paid $6.28 million for the home in 2005. Fite Shavell & Associates handled both sides of the transaction. While low to mid-range sales have been driving Palm Beach’s market, the upper echelon is starting to show signs of activity. [Palm Beach Daily News]