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
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