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
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.
Players
West Palm Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
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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