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Douglas Elliman's Alison Newton Acquires Palm Beach Condo For $17.7M

Property Image
SOLD
$17,700,000
Christopher "Chris" Deitz
+ 1

Florida

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Condo3,560 SF
Sold 11/12/2021
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Property Image
SOLD

Douglas Elliman's Alison Newton Acquires Palm Beach Condo For $17.7M

Palm Beach, FL, USA

See Similar Deals
Condo3,560 SF
Sold 11/12/2021
Christopher "Chris" Deitz
+ 1
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,971
Total Square Footage:3,560 SF
Transaction Type:Sale

The Palm Beach condo at has been sold in a record-breaking transaction. The property, with a total area of 3,560 square feet, was sold for a remarkable sale price of $17,700,000. This sale sets a new high record for both the total sale amount and the price per square foot in the Palm Beach condo market.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $17,700,000
  • Square Footage: 3,560 sq ft
  • Price Per Square Foot: $4,972
  • Market: Palm Beach

The buyer of the condo is Deborah A. Turner, while the seller is Shirley Fennell. Representing the buyer is Alison Newton from Douglas Elliman, and Christopher Deitz from Compass represented the seller. This transaction showcases the expertise and dedication of these professionals in successfully closing the deal.

The sale of this Palm Beach condo not only sets a new record in terms of the total sale price but also in terms of the price per square foot. This highlights the desirability and value of properties in the Palm Beach condo market. Such a significant transaction demonstrates the continued strength and attractiveness of the real estate market in this area.

Players

Christopher "Chris" Deitz
7 deals$163.1M volume
BROKER

Alison Newton
Douglas Elliman
4 deals$51.3M volume
BROKER


2 deals$35.4M volume
SELLER

Details

SOLD
IMAGE: Alison Newton & Christopher Deitz DATE: 11/12/2021 MARKET: Palm Beach ASSET TYPE: Condo BUYER: Deborah A. Turner SELLER: Shirley Fennell BUYER'S REP: Alison Newton - Douglas Elliman SELLER'S REP: Christopher Deitz - Compass SALE PRICE: $17,700,000 SF: 3,560 ~ PPSF: $4,972 NOTE: The sale marks a record on a total and per sq. ft. basis for a Palm Beach condo.

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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