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
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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