John Cregan Of Sotheby's International Realty Represents Buyer In $15.9M Palm Beach Sale
SOLD
$15,900,000
Florida
See Similar DealsSingle Family Residence6,294 SF
Sold 06/03/2026
SOLD
John Cregan Of Sotheby's International Realty Represents Buyer In $15.9M Palm Beach Sale
231 Coral Lane
See Similar DealsSingle Family Residence6,294 SF
Sold 06/03/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,526
Total Square Footage:6,294 SF
Transaction Type:Sale
The property at 231 Coral Lane, located in the Palm Beach market, is a single-family home with a sale price of $15,900,000. The home features a total square footage of 6,294 and has a price per square foot of $2,526.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,900,000
- Address: 231 Coral Lane
- Market: Palm Beach
- Square Footage: 6,294
- Price per Square Foot: $2,526
- Buyer's Representative: John Cregan - Sotheby's International Realty
- Seller's Representative: Margit Brandt - Premier Estate Properties
In this transaction, John Cregan represented the buyer, while Margit Brandt represented the seller, facilitating the 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)
$847,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,489.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,374.11
Annual Debt Service$904,489.34
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