SOLDLand
William Lauder Of Estee Lauder Companies Sells 2.3 Acres In Palm Beach For $177.8M
1063 North Ocean Boulevard
$177,800,000
Building Size
—
Asset Type
Land
Closing
Feb 6, 2025
AI
William Lauder is under contract to sell 2.3 oceanfront acres located at 1063 North Ocean Boulevard in Palm Beach for a price of $177.8 million.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $177,800,000
- Acres: 2.3
- Address: 1063 North Ocean Boulevard
- Market: Palm Beach
- Seller: William Lauder - Estee Lauder Companies
- Buyer's Representative: Ryan Serhant - Serhant
- Seller's Representative: Christian Angle - Christian Angle Real Estate
This potential sale is rumored to involve Ryan Serhant, marking another significant transaction in the ultra-luxury market of the island, further highlighting the dynamics of high-profile deals in Palm Beach.
Players
Palm Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93