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John Cregan Of Sotheby's International Realty Represents Buyer In $15.9M Palm Beach Sale

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SOLD
$15,900,000

Florida

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Single Family Residence6,294 SF
Sold 06/03/2026
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Property Image
SOLD

John Cregan Of Sotheby's International Realty Represents Buyer In $15.9M Palm Beach Sale

231 Coral Lane

See Similar Deals
Single Family Residence6,294 SF
Sold 06/03/2026
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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.

Players

Margit Brandt
53 deals$1.6B volume(561) 545-7386
BROKER

Details

SOLD
IMAGE: John Cregan & Margit Brandt DATE: 06/03/2026 ADDRESS: 231 Coral Lane MARKET: Palm Beach ASSET TYPE: Single Family BUYER'S REP: John Cregan - Sotheby's International Realty SELLER'S REP: Margit Brandt (@MargitBrandtpalmbeach) - Premier Estate Properties (@PremierEstateProperties) SALE PRICE: $15,900,000 SF: 6,294 ~ PPSF: $2,526

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$56,489.35
Cash-on-Cash Return-1.27%
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