Steve Wynn Acquires SFR In Palm Beach For $49M From Seller Pat Carney & Lillian Carney
1350 North Lake Way, Palm Beach, FL, USA
$49,000,000
$3,663/SF
Building Size
13,375 SF
Asset Type
Single Family Residence
Closing
Mar 12, 2021
AI
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
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93