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3110 Washington Road

3110 Washington Road Trust Acquires 0.74 Acre Lot From Nedim Soylemez For $15 Million
SOLDLand

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

Nedim Soylemez

Seller

$94.2M

vol

3 deals

Seller

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