Updated Oct 12, 2026
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
About this deal
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.
On the Map
$49,000,000
$3,663/SF
Single Family Residence
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Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.7K per square foot on a published $49M for 13,375 square feet (2021).
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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