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224 Atlantic Avenue

Spencer Schlager Of Douglas Elliman Represents Buyer In $8.6M Palm Beach Single Family Sale
SOLDSingle Family Residence

Spencer Schlager Of Douglas Elliman Represents Buyer In $8.6M Palm Beach Single Family Sale

224 Atlantic Avenue

$8,600,000

$1,337/SF

Building Size

6,428 SF

Asset Type

Single Family Residence

Closing

Oct 5, 2025

AI

A single-family property located at 224 Atlantic Avenue in Palm Beach has been sold for $8,600,000. The asset encompasses 6,428 square feet, resulting in a price per square foot of $1,337.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $8,600,000
  • Square Footage: 6,428
  • Price Per Square Foot: $1,337
  • Address: 224 Atlantic Avenue
  • Market: Palm Beach
  • Buyer's Representative: Spencer Schlager - Douglas Elliman
  • Seller's Representative: Todd Peter - Sotheby's International Realty

Spencer Schlager from Douglas Elliman represented the buyer in this transaction, while Todd Peter from Sotheby's International Realty represented the seller. Their involvement facilitated the completion of this notable sale in the Palm Beach market.

Players

Todd Peter

Sotheby's International Realty

Broker

$290.3M

vol

13 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93