The $78.9 Million Question: The Bristol’s 2026 Report Card

Market Reports

The $78.9 Million Question: The Bristol’s 2026 Report Card

Nikko Karki
Nikko Karki August 14, 2026
Two numbers describe The Bristol in 2026, and they point in opposite directions. The building's newest sale closed at $3,503 per square foot, the second highest price per foot in its history. And the building's newest asking prices sit as much as 44 percent above the highest price any buyer has ever paid. Between those two numbers sits a $78.9 million penthouse, the largest offering West Palm Beach's benchmark tower has ever carried. This report measures the gap between what buyers have paid and what sellers now ask.
Resales since 2022
12
Every one eventually closed
The floor, per sf
$2,786
Untouched since 2022
Median resale, per sf
$3,253
Across the twelve sales
Median time to sell
296 days
2024 through 2026 closings

The Sales Record

Every resale since 2022, from the multiple listing service record. The April closing of unit 1801 at $19,420,500 is the newest line, and at $3,503 per square foot it trails only the $3,788 paid for unit 1901 in early 2023. The days column shows the change of the last two years: selling takes longer, and prices have held. The full history from the building's 2018 opening is documented in our complete sales study.

Every Bristol resale since 2022
Closed price, price per square foot, and days on market for each
← Scroll to see all columns →
ClosedUnitPricePer sfDaysOf asking
2022-03-071602$11,913,000$3,114099%
2022-12-151403$12,025,000$3,3643790%
2023-01-311901$21,000,000$3,78819688%
2023-02-281702$11,165,675$2,92710386%
2023-08-30804$16,000,000$3,36336891%
2024-04-012302$27,988,425$3,03230270%
2024-05-30602$12,000,000$2,78611487%
2025-03-101401$14,900,000$3,41929085%
2025-06-131502$12,543,000$3,28812987%
2025-09-302203$15,175,000$3,04449966%
2025-12-151704$15,312,000$3,21830786%
2026-04-131801$19,420,500$3,50329683%

Source: BeachesMLS, closed residential sales, August 15, 2026

What Held

The price floor held. In our appreciation study we documented that no Bristol resale had closed below $2,786 per square foot since 2022. A year later that is still true. The one sale that sits exactly on the floor, unit 602 in May 2024, remains the cheapest purchase anyone has made in this building in four years. Even that sale required $2,786 a foot for a sixth-floor residence. The median across all twelve resales is $3,253.

A floor like this matters because it removes guesswork. A buyer underwriting the Bristol knows the worst recorded outcome of the last four years to the dollar, a certainty little else in the luxury market can offer. Prices in West Palm Beach at large have swung through the same period. The Bristol's floor has not moved.

What Changed

Two things changed: the time a sale takes, and the negotiation behind it. Buyers still pay record prices at the Bristol, but they no longer pay quickly or at full asking price. A resale that took a median of 103 days to close in 2022 and 2023 now takes 296. Since 2024 the median sale has closed at 85 percent of the final asking price, down from 90 percent in the building's first resale years. The two weakest outcomes closed at 70 and 66 percent after long waits.

Where the discount happens is telling. Half of the twelve sellers never touched their published asking price, and the reductions that did come ran four to eleven percent. The deeper concessions were made privately, at the closing table. Sellers who priced near the closed record sold. Sellers who priced well above it waited, sometimes for more than a year.

Year by Year

The twelve sales sort cleanly by year. The 2022 pair closed in under three weeks each at a $3,239 median. In 2023 unit 1901 set the $3,788 record while the median wait for the year stretched to 196 days. The 2024 median of $2,909 looks like a step down, but its two sales were hard-fought negotiations that closed at 70 and 87 percent of the final asking price. Then 2025 restored the median to $3,253 across four sales, and 2026's single closing to date sits above all of them at $3,503. The medians do not climb in a straight line, but no year has closed below the floor.

Bristol resales by year
Sales, median close, median price per square foot, and median days on market
← Scroll to see all columns →
YearSalesMedian closePer sfDays
20222$11,969,000$3,23918
20233$16,000,000$3,363196
20242$19,994,212$2,909208
20254$15,037,500$3,253298
20261$19,420,500$3,503296

Source: BeachesMLS, resale closings 2022 through August 15, 2026

The yearly medians
Median resale price per square foot by year at the Bristol

Source: BeachesMLS, resale closings since 2022

What Sellers Are Asking Now

Four residences are for sale, asking a combined $134.3M, the most the 69-unit building has ever offered at once. The two lower asking prices sit inside the closed record and should find buyers. The two upper asking prices are a different case. At $5,086 and $5,441 per square foot, they stand 34 and 44 percent above the $3,788 record. The penthouse's $78,900,000 asking price would rank among the largest condominium sales in Florida history. Whether the building's scarcity justifies a price that far above its own closed record is the open question, and our buyer's guide covers how to underwrite it.

The four active listings
Every active listing at the Bristol, August 2026
← Scroll to see all columns →
AskingSizePer sfOn market since
$78,900,00014,502 sf$5,4412025-12-23
$24,950,0004,906 sf$5,0862026-05-28
$15,500,0004,483 sf$3,4582026-02-20
$14,950,0004,483 sf$3,3352026-05-01

Source: BeachesMLS, active listings, August 15, 2026

The Buyer's Arithmetic

The closed record gives a buyer everything needed to set a bid range. The median resale here is 4,558 square feet. At the $2,786 floor that is $12.7M, and at the $3,253 resale median it is $14.8M. That is the range the building's own history supports. The two realistic listings on the market today ask $14,950,000 and $15,500,000, or 3 and 6 percent above the resale median per foot, a reasonable opening position for a negotiation.

Since 2024 the median closing has landed at 85 percent of the final asking price, so patient buyers have been getting real room to negotiate. The one thing the record does not support is a bid below the floor. No sale below $2,786 a foot has closed in four years, through rate shocks and repricing everywhere else in the county. The negotiation at the Bristol happens between the floor and the asking price.

Bottom Line

The Bristol enters late 2026 with its price floor intact and its recent sale prices strong, but selling takes longer than it once did. Buyers hold more negotiating room than the headline prices suggest, with time as their main leverage. Sellers hold a floor that four years of resales have never broken. The open question is the $78.9 million penthouse, which would set a new benchmark for the corridor if it closes anywhere near its asking price.

For buyers weighing the four listings: Underwrite from the closed sales, not from the asking prices. The floor is $2,786 a foot, the resale median is $3,253, and since 2024 the median buyer has closed at 85 percent of the final asking price. A bid built on those numbers follows the building's own recorded history.

This report covers the twelve resale closings at the Bristol from January 2022 through August 15, 2026, plus the four active listings on that date. Developer-era closings (2018 through 2021) are excluded from resale statistics. Medians are used throughout in preference to averages because twelve sales are few enough for one outlier to distort a mean. Days on market and close-to-list ratios are as recorded in the MLS.

Price per square foot is computed on MLS-recorded living area.

All data sourced from BeachesMLS via the Spark API, retrieved August 15, 2026, covering the complete listing record for 1100 South Flagler Drive, West Palm Beach, across all recorded subdivision spellings, deduplicated by listing id.

Nikko Karki
Written by

Nikko Karki

Nikko Karki has worked in real estate for nearly two decades, beginning on the developer side at Related Group in West Palm Beach, then through private real estate investments and cross-border M&A across the U.S., Europe, and Southeast Asia. He holds an M.Sc. in economics from the Helsinki School of Economics. He built Palm Beach Luxury to make his analysis available to anyone in the market, for free.
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Frequently Asked Questions
Unit 1801 closed on April 13, 2026 for $19,420,500, or $3,503 per square foot. The sale took 296 days on market and closed at 83 percent of its asking price.
The floor is $2,786 per square foot. No resale has closed below that level since 2022, and the median across the twelve resales in that period is $3,253 per square foot.
Four residences are for sale in August 2026, asking from $14,950,000 to $78,900,000, a combined $134,300,000.
The median for 2024 through 2026 closings is 296 days on market, up from 103 days for 2022 and 2023.
Broadly, yes. The yearly medians are $3,239 in 2022, $3,363 in 2023, $2,909 in 2024, $3,253 in 2025, and $3,503 for 2026's single closing to date. The medians dipped in 2024 and recovered, and the floor beneath them has held for four years.
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