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200 Arkona Court

Todd Michael Glaser's Investment Group Acquires La Clara Penthouse In West Palm Beach For $18.75M
SOLDCondo

Todd Michael Glaser's Investment Group Acquires La Clara Penthouse In West Palm Beach For $18.75M

200 Arkona Court

$18,750,000

$2,337/SF

Building Size

8,020 SF

Asset Type

Condo

Closing

Nov 7, 2023

AI

An investment group led by developer Todd Michael Glaser has acquired a penthouse in West Palm Beach's La Clara for at least $18.75 million. The 4-bedroom, 8,020-square-foot penthouse features a private pool, panoramic views, and high-end finishes.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $18,750,000
  • Address: 200 Arkona Court
  • Market: West Palm Beach
  • SF: 8,020
  • Price per Square Foot: $2,338

Todd Michael Glaser, along with Jim Randall from Randall Realty Group, purchased the penthouse. The buyer was represented by Carol Sollak from Engel & Völkers. Alison Newton and Christopher Leavitt from Douglas Elliman acted as the seller's representatives in the transaction.

Players

Christopher Leavitt

Douglas Elliman

Broker

$1.3B

vol

51 deals

Broker
RG
Randall Realty GroupBuyer
Todd Michael Glaser

Todd Michael Glaser

Randall Realty Group

Buyer

$974.3M

vol

41 deals

Buyer

West Palm Beach 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

0.85%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93