Lew Sanders, the one-time chairman of AllianceBernstein, and his wife dropped $19.4 million on a condo in West Palm Beach’s waterfront Bristol tower.
Records show the couple bought unit 1801 at 1100 South Flagler Drive from Raymond and Linda Golden. Samantha Curry with Douglas Elliman had the listing, and Kevin Condon with Sotheby’s International Realty brought the buyers.
Lew Sanders was CEO and chairman of the board for AllianceBernstein, the New York-based investment management firm, from 2005 to 2008. After stepping down, he launched Sanders Capital in 2009, which today has $122 billion in assets under management, according to published reports.
Sanders and his wife, Alice Sanders, also own the 3.5-acre oceanfront compound at 615 North County Road in Palm Beach. They bought that estate for $24.9 million in 2005, according to property records. They built a 16,400-square-foot mansion in 2021. It has eight bedrooms, 12 bathrooms and two pools, records show. In 2023, they were linked to the $26.7 million purchase of the townhome at 466 South Ocean Boulevard in Palm Beach.
Raymond Golden was formerly an executive with the defunct investment bank Salomon Brothers and the CBRE-owned developer Trammell Crow Company.
The Goldens bought their Bristol unit for $10.4 million in 2018, which was a price record for condos in West Palm Beach at the time. The 5,700-square-foot unit has four bedrooms, four bathrooms and one half-bathroom.
The sale price represents 87 percent appreciation in eight years.
Records show the couple bought a 5,700-square-foot house in Palm Beach Gardens for $2.2 million last year, and they listed it as their mailing address.
They listed the Bristol unit for $25.5 million in April of last year, and dropped the asking price to $23.5 million in October, Zillow shows.
It was the most expensive West Palm Beach condo sale this year, but it wasn’t a record for the building. In 2024, the estate of late Boston real estate mogul and art collector Gerald Fineberg sold his Bristol penthouse for $28 million.
In December, the penthouse unit belonging to the late Matrix Essentials hair-and-beauty mogul Sydell Miller listed for $78.9 million, which would be a record for Palm Beach County condo sales if it sold anywhere near the asking price. It tops the $70 million asking price for Related Ross’ under-construction South Flagler House penthouse. Waterfront development in West Palm Beach has pushed pricing for units ever higher, with many developers banking on Flagler Drive’s future as the next Billionaires’ Row.
