Palm Beach Realtors Deitz and Brandt Join Compass Florida
Compass Florida has been busy expanding its list of affiliated agents with the addition of two real estate professionals in Palm Beach – Chris Deitz and Margit Brandt. The two will be based at the agency’s office in Palm Beach but will not work as a team.
Deitz spent over a decade with William Raveis South Florida and its predecessors, The Fite Group and Fite Shavell & Associates, before joining Compass. At William Raveis, he has been the No. 1 producer for two of the past three years. His curriculum vitae also includes a mandate at the Corcoran Group and its predecessor, McCann Coyner Clarke.
Among his major sales in Palm Beach lately, Deitz represented the seller in the August sale of a never-lived-in beachfront mansion at 901 N. Ocean Blvd. for a record $64 million. In September, Deitz was also the listing agent for a $30.72 million sale of a new lakefront home at 1404 N. Lake Way.
Deitz was listing agent:Oceanafront ‘spec’ mansion fetches $64 million in Palm Beach
And in 2017, he represented the buyers in their $27 million purchase of a historic home at 8. S. Lake Trail, which they sold privately in July 2020 for a record $71.85 million. dollars. Although the Palm Beach Daily News could not confirm the identities of the agents involved in this latest deal, Deitz represented the same couple when they simultaneously purchased a home across town for a recorded $21 million. at 120 El Bravo Way.
In 2016, Deitz led a $97.5 million sale to a developer of over 6½ acres in Miami’s Brickell neighborhood just east of I-95, eventually working out the deal with the broker. Brian Webster of Webster’s International Realty.
“I have real estate in my DNA,” Deitz said. “My father was among the developers of PGA National, Old Port Cove, Ibis, Palm Beach Lakes Boulevard malls and The Plaza Center (on Royal Palm Way) in Palm Beach.”
Brandt has sold his house twice in three months
Brandt moved to Compass from Brown Harris Stevens, where she had had her license suspended since early 2019. Her roots are in New York, where she worked in the real estate industry before moving to Florida.
She has achieved sales volume of around $100 million this year via deals that include two sales in three months of the same new home at 259 Pendleton Ave. She represented the buyers in the first of those deals, a $17.45 million transaction recorded in April. In July, Brandt represented the same couple when they flipped the property for a recorded $18.44 million, although the actual amount of the change of hands was higher because the house had sold furnished.
Also this year, Brandt has been busy on the buyer’s side in the sale of a property at 584 Island Drive – recorded in April at $17.5 million – in which buyers have also engaged the seller, Sabatello Cos., to build them a new house on the lot for an undisclosed amount.
Brandt in both chords:New home sold in April returned to Palm Beach, deed shows
Brandt has represented a purchaser in similar construction transactions involving properties sold by Sabatello Cos. at 261 Nightingale Trail, which changed hands for a record $4.45 million in March; and at 210 Palmo Way, which sold for a record $5.29 million in July.
Brandt said she was drawn to Compass for its focus on technology and its network of agents across the country.
“Compass has built a culture and community that makes agents feel unique and valued,” she said in a statement released by her new agency.
Darrell Hofheinz writes about real estate in his weekly “Beyond the Hedges” column. He hosts Palm Beach real estate news for this column. Email [email protected], call 820-3831 or tweet @PBDN_Hofheinz. Hofheinz is a reporter for the USA TODAY Network of Florida. Help support our journalism. Subscribe today.