Updated Oct 25, 2024
Todd Michael Glaser Sells Palm Beach Single Family Home For $14.3M With Austin McGurk Of Brown Harris Stevens
1221 North Lake Way, Palm Beach, FL, USA
$14,300,000
$2,949/SF
Building Size
4,848 SF
Asset Type
Single Family Residence
Closing
Apr 18, 2021
About this deal
AI
A single-family property located at 1221 North Lake Way in Palm Beach has been sold for $14,300,000. The property spans 4,848 square feet and has a price per square foot of $2,950.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,300,000
- Address: 1221 North Lake Way
- Market: Palm Beach
The seller of the property was Kim & Todd Michael Glaser, while the buyer was represented by Austin McGurk from Brown Harris Stevens of PB. Suzanne Trapani Frisbie from Premier Estate Properties, Inc acted as the seller's representative in this transaction.
On the Map
$14,300,000
$2,949/SF
Single Family Residence
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Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.9K per square foot on a published $14.3M for 4,848 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93