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149 E Inlet Dr Palm Beach, ...

Palm Beach SFR Sold For $68.146M With Buyer's Rep Madison Collum
SOLDSingle Family Residence

Palm Beach SFR Sold For $68.146M With Buyer's Rep Madison Collum

149 E Inlet Dr Palm Beach, FL 33480, USA

$68,146,000

$5,821/SF

Building Size

11,706 SF

Asset Type

Single Family Residence

Closing

Jul 3, 2023

AI

A Palm Beach house located at the ocean-inlet intersection has been sold for a recorded price of $68.146 million. The property offers stunning views and underwent vetting by a government security agency, indicating the potential need for top-level security services. This single-family residential (SFR) property spans 11,706 square feet and is situated at 149 East Inlet Drive in Palm Beach.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $68,146,000
  • Square Footage: 11,706
  • Price per Square Foot (PPSF): $5,821
  • Address: 149 East Inlet Drive, Palm Beach
  • Market: Palm Beach

The sellers of this property are Michelle & Myron “Mosie” Miller, while the buyer was represented by Madison Collum from One Sotheby’s International Realty. On the other hand, Lawrence Moens from Lawrence A. Moens Associates acted as the seller's representative in this transaction.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Myron “Mosie” Miller

Seller

$100.7M

vol

3 deals

Seller

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

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93