Ryan Johnston, Tara Johnston, F. Carlyle Tiller III Sell Condo In Palm Beach Shores For $2.4M
184 Lake Drive
$2,400,000
$901/SF
Building Size
2,662 SF
Asset Type
Condo
Closing
Apr 23, 2025
About this deal
AI
The property asset involved in the transaction is a condo located at 184 Lake Drive in the market of Palm Beach Shores. The condo spans 2,662 square feet and was sold for a price of $2,400,000, which translates to a price per square foot of $901.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,400,000
- Address: 184 Lake Drive
- Market: Palm Beach Shores
- Square Footage: 2,662
- Price Per Square Foot: $901
- Seller: Ryan Johnston, Tara Johnston, F. Carlyle Tiller III
- Broker: Barbara Hornyak - Compass
The transaction features a notable aspect with HAVN Residences & Yacht Club, a collection of 36 residences that boast spacious 2 and 3-bedroom homes, designed to offer a luxurious living environment. Residents of HAVN Residences have access to the adjacent HAVN Yacht Club, which is one of the few full-service residential marinas in the area, providing various amenities including fuel and maintenance services.
Players
Palm Beach Shores Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93