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1020 Lake Way, Palm Beach, ...

Warren And Allison Kanders Sell Palm Beach Single Family Home For $39.9M
SOLDSingle Family Residence

Warren And Allison Kanders Sell Palm Beach Single Family Home For $39.9M

1020 Lake Way, Palm Beach, Florida 33480, United States

$39,900,000

$6,093/SF

Building Size

6,548 SF

Asset Type

Single Family Residence

Closing

Jun 8, 2022

AI

A single-family property located at 1020 North Lake Way in Palm Beach has been sold for $39,900,000. The property spans 7,595 square feet, resulting in a price per square foot of $5,253. The sale took place on June 9, 2022.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $39,900,000
  • Address: 1020 North Lake Way, Palm Beach
  • Market: Palm Beach

Allison and Warren Kanders were the sellers of the property, while Dana Koch and Paulette Koch from The Corcoran Group represented the buyers. Christian Angle from Christian Angle Real Estate served as the seller's representative in the deal.

Players

Christian Angle

Christian Angle Real Estate

Broker

$2.7B

vol

99 deals

Broker

Warren Kanders

Seller

$78.9M

vol

4 deals

Seller

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93