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

Property Image
SOLD
$39,900,000
Paulette Koch
Dana Koch
Christian Angle
+ 1

Florida

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Single Family Residence6,548 SF
Sold 06/09/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Single Family Residence6,548 SF
Sold 06/09/2022
Paulette Koch
Dana Koch
Christian Angle
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$6,093
Total Square Footage:6,548 SF
Transaction Type:Sale

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
Christian Angle
98 deals$2.7B volume(561) 659-6551
BROKER
Paulette Koch
The Corcoran Group
Paulette Koch
22 deals$545.2M volume
BROKER
Dana Koch
The Corcoran Group
Dana Koch
42 deals$1B volume
BROKER
WK
Warren Kanders
4 deals$78.9M volume
SELLER

Details

SOLD
IMAGE: Dana Koch, Allison Kanders, Christian Angle, Warren Kanders & Paulette Koch DATE: 06/09/2022 ADDRESS: 1020 North Lake Way MARKET: Palm Beach ASSET TYPE: Single Family SELLER: Allison & Warren Kanders BUYER'S REP: Dana Koch & Paulette Koch - The Corcoran Group SELLER'S REP: Christian Angle - Christian Angle Real Estate SALE PRICE: $39,900,000 SF: 7,595 ~ PPSF: $5,253

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,128,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$141,756.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,146.36
Annual Debt Service$2,269,756.27