Margit Brandt Of Premier Estate Properties Represents Buyer In $30.82M Palm Beach Sale
SOLD
Florida
See Similar DealsSingle Family Residence6,856 SF
Sold 04/22/2026
SOLD
Margit Brandt Of Premier Estate Properties Represents Buyer In $30.82M Palm Beach Sale
1246 Lake Way
See Similar DealsSingle Family Residence6,856 SF
Sold 04/22/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,492
Total Square Footage:6,856 SF
Transaction Type:Sale
The property is located at 1246 Lake Way in the Palm Beach market. This single-family asset encompasses a total area of 6,856 square feet and has been sold for a price of $30,822,532.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $30,822,532
- Address: 1246 Lake Way
- Market: Palm Beach
- Square Footage: 6,856
- Buyer's Representative: Margit Brandt - Premier Estate Properties
- Seller's Representative: Christian Angle - Christian Angle Real Estate
Margit Brandt acted as the representative for the buyer in this transaction, while Christian Angle represented the seller. Their involvement reflects the professional brokerage support for both parties during the sale process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,642,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$109,425.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,007.71
Annual Debt Service$1,752,092.56
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