Robert Kayal Acquires Ritz-Carlton Residence In West Palm Beach For $6.18M With Sami Nassimiha As Buyer's Rep
1717 North Flagler Drive
$6,179,000
$1,461/SF
Building Size
4,229 SF
Asset Type
Condo
Closing
Jun 24, 2025
About this deal
AI
This condo asset located at 1717 North Flagler Drive within The Ritz-Carlton Residences in West Palm Beach features a sale price of $6,179,000. The property encompasses 4,229 square feet, broken down into 3,331 square feet of interior space and an additional 898 square feet of outdoor living area. The residence offers direct waterfront views and private elevator access, alongside amenities associated with Ritz-Carlton service.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,179,000
- Address: 1717 North Flagler Drive - THE RITZ-CARLTON RESIDENCES
- Market: West Palm Beach
- Buyer: Robert Kayal
- Seller: Related Group
- Buyer's Representative: Sami Nassimiha - Compass
- Square Footage: 4,229
- Price Per Square Foot: $1,461
The transaction was facilitated by Sami Nassimiha, who represents the buyer, Robert Kayal. This particular residence is noted as one of a limited number of 4-bedroom units available in the building, providing a unique opportunity in the market for buyers seeking expansive living within a prestigious establishment.
Players
West Palm Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $6.2M for 4,229 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93