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
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