Jon Paul Pérez And Isaac Toledano Sell Condo At 1717 North Flagler Drive For $14.5M
1717 North Flagler Drive
$14,500,000
$3,020/SF
Building Size
4,800 SF
Asset Type
Condo
Closing
Apr 20, 2026
AI
A condo located at 1717 North Flagler Drive in the West Palm Beach market has sold for $14,500,000, encompassing 4,800 square feet, resulting in a price per square foot of $3,021. This transaction marks a new pricing record for the North Flagler Drive market.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $14,500,000
- Square Footage: 4,800
- Price Per Square Foot: $3,021
- Address: 1717 North Flagler Drive
- Market: West Palm Beach
- Seller: Jon Paul Pérez - Related Group
- Seller: Isaac Toledano - BH Group
The penthouse, a part of the Ritz-Carlton Residences West Palm Beach, was developed by Related Group and BH Group, which have secured signed contracts totaling over $254 million ahead of the project's anticipated completion in 2028.
Players
West Palm Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93