3110 Washington Road Trust Acquires 0.74 Acre Lot From Nedim Soylemez For $15 Million
3110 Washington Road
$15,000,000
Building Size
—
Asset Type
Land
Closing
Feb 19, 2026
About this deal
AI
A 0.74-acre vacant lot at 3110 Washington Road in West Palm Beach sold for $15 million. The asset is located in a market that has shown strong demand for luxury waterfront lots. The property was previously sold for $4.2 million in 2021, and the home on site has been demolished.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $15,000,000
- Address: 3110 Washington Road
- Market: West Palm Beach
- Acres: 0.74
- Buyer: 3110 Washington Road Trust
- Seller: Nedim Soylemez - Lion’s View Holdings
The 3110 Washington Road Trust has Maura Ziska, a Palm Beach attorney, serving as the trustee. The seller, Nedim Soylemez, is associated with 3110Washington LLC, from which the property was purchased.
On the Map
$15,000,000
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93