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1221 North Lake Way, Palm B...

Todd Michael Glaser Sells Palm Beach Single Family Home For $14.3M With Austin McGurk Of Brown Harris Stevens
SOLDSingle Family Residence

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

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.

Players

Suzanne Frisbie

The Corcoran Group

Broker

$1.5B

vol

49 deals

Broker

Kim

Song & Associates

Seller

$98.4M

vol

11 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

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93