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Steve Wynn Acquires SFR In Palm Beach For $49M From Seller Pat Carney & Lillian Carney

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SOLD
$49,000,000

Florida

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Single Family Residence13,375 SF
Sold 03/13/2021
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Property Image
SOLD

Steve Wynn Acquires SFR In Palm Beach For $49M From Seller Pat Carney & Lillian Carney

1350 North Lake Way, Palm Beach, FL, USA

See Similar Deals
Single Family Residence13,375 SF
Sold 03/13/2021
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,663
Total Square Footage:13,375 SF
Transaction Type:Sale

On March 13, 2021, a single-family home located at 1350 N. Lake Way in Palm Beach was sold in a transaction. The property spans 13,375 square feet and is characterized by its prime location by the lake. The sale price for this property was $49,000,000, resulting in a price per square foot of $3,664.

Summary of transaction details

  • Property Type: SFR
  • Date: 03/13/2021
  • Address: 1350 N. Lake Way
  • Market: Palm Beach
  • Buyer: Steve Wynn
  • Seller: Lillian Carney, Pat Carney - Claremont Cos.
  • Price: $49,000,000
  • Square Footage: 13,375
  • Price per Square Foot: $3,664

The buyer, Steve Wynn, acquired the property from Lillian Carney and Pat Carney of Claremont Cos., acting as the sellers in this transaction.

Players

6 deals$213.1M volume
BUYER


2 deals$59.2M volume
SELLER

Details

SOLD
IMAGE: Pat Carney & Steve Wynn DATE: 03/13/2021 ADDRESS: 1350 N. Lake Way MARKET: Palm Beach ASSET TYPE: SFR BUYER: Steve Wynn SELLER: Lillian Carney, Pat Carney - Claremont Cos. PRICE: $49,000,000 SF: 13,375 ~ PPSF: $3,664

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$174,086.66
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