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1246 N Lake Way, Palm Beach...

Michelle & Myron “Mosie” Miller Acquire Palm Beach Waterfront Home For $21.6M
SOLDSingle Family Residence

Michelle & Myron “Mosie” Miller Acquire Palm Beach Waterfront Home For $21.6M

1246 N Lake Way, Palm Beach, FL 33480

$21,600,000

$4,595/SF

Building Size

4,700 SF

Asset Type

Single Family Residence

Closing

Jun 15, 2023

AI

A waterfront Palm Beach home has been sold for $21.6 million to real estate investor Myron "Mosie" Miller and his wife Michelle. The property, located at 1246 North Lake Way, covers an area of 0.3 acres and has a living area of 4,700 square feet. The transaction took place on June 15, 2023, in the Palm Beach market.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $21,600,000
  • Address: 1246 North Lake Way
  • Market: Palm Beach
  • Square Footage: 4,700

The buyer in this transaction is Myron "Mosie" Miller and his wife Michelle, while the seller is Kane K. and Mary F. Baker. The deal was facilitated by Lawrence Moens from Lawrence A. Moens Associates Inc, who represented the parties involved.

It's worth noting that this acquisition follows Miller's recent sale of a Palm Beach Gardens mansion and his purchase of a waterfront property for short-term rentals.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Myron “Mosie” Miller

Buyer

$100.7M

vol

3 deals

Buyer

Miami 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

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93