Financier Lew Sanders and his wife have quietly pulled off West Palm Beach’s biggest condo deal of the year so far, paying about $19.4 million for a waterfront residence at The Bristol and adding one more power name to Flagler Drive’s fast-changing skyline. The couple picked up Unit 1801, which runs across the 18th floor of the 25-story tower and serves up sweeping Intracoastal and ocean views.
According to The Real Deal, Sanders and his wife bought Unit 1801 at 1100 South Flagler Drive from Raymond and Linda Golden for roughly $19.4 million. Samantha Curry of Douglas Elliman represented the sellers, and Kevin Condon of Sotheby’s International Realty brought the buyers. The condo initially hit the market last year with an asking price as high as $25.5 million before a series of reductions brought it into the low-$20-million range on the MLS.
Property records filed April 14 show the unit at about 5,544 interior square feet, with an additional terrace of roughly 1,541 square feet, four bedrooms, four full bathrooms and a half-bath, Palm Beach Daily News reports. The sale closed at $19.42 million and follows the Goldens’ 2018 purchase of the condo for $10.4 million, so the unit roughly doubled in value over eight years. The package came with garage parking for three vehicles, according to listing information and deed records.
The Bristol’s Role On Flagler Drive
Completed in 2019, The Bristol helped launch the current wave of luxury tower development along Flagler Drive and now sits at the top of the local condo market. A Bristol penthouse sold for $28 million in 2024, and another penthouse was listed at about $78.9 million late last year, The Real Deal reports. Those headline-grabbing prices have kept both buyers and developers laser-focused on waterfront product as the corridor continues to evolve.
Sanders’ Palm Beach Footprint
Sanders, who served as chief executive of AllianceBernstein from 2005 to 2008 and later founded Sanders Capital, already has a substantial presence across the Intracoastal in Palm Beach. He owns a 3.5-acre oceanfront compound on North County Road, where a roughly 16,400-square-foot mansion was completed in 2021, Palm Beach Daily News reports. The Bristol purchase was completed by trustees of the Bristol 1801 Irrevocable Trust, and the deed lists the couple’s Palm Beach estate as the mailing address…