Ryan Johnston, Tara Johnston & F. Carlyle Tiller III Sell Condo At HAVN Residences For $2.5M
184 Lake Drive
$2,500,000
$939/SF
Building Size
2,662 SF
Asset Type
Condo
Closing
Jul 22, 2025
About this deal
AI
The property involved in this transaction is a condo located at 184 Lake Drive Unit 1202 within HAVN Residences & Yacht Club in Palm Beach Shores. The asset sold for $2,500,000 and has a total area of 2,662 square feet, translating to a price per square foot of $939.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,500,000
- Address: 184 Lake Drive Unit 1202
- Market: Palm Beach Shores
- Seller: Ryan Johnston, Tara Johnston & F. Carlyle Tiller III
- Broker: Barbara Hornyak - Compass
- Square Footage: 2,662
- Price Per Square Foot: $939
The deal involved seller representatives Ryan Johnston, Tara Johnston, and F. Carlyle Tiller III, who collaborated with broker Barbara Hornyak from Compass to finalize the sale. The HAVN Residences & Yacht Club features 36 residences and offers direct access to the HAVN Yacht Club, making it a unique residential marina option for future residents.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93