Spencer Schlager Of Douglas Elliman Represents Buyer In $8.6M Palm Beach Single Family Sale
SOLD
$8,600,000
Florida
See Similar DealsSingle Family Residence6,428 SF
Sold 10/06/2025
SOLD
Spencer Schlager Of Douglas Elliman Represents Buyer In $8.6M Palm Beach Single Family Sale
224 Atlantic Avenue
See Similar DealsSingle Family Residence6,428 SF
Sold 10/06/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,337
Total Square Footage:6,428 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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