John Cregan Of Sotheby's International Realty Represents Buyer In $15.9M Palm Beach Sale
231 Coral Lane
$15,900,000
$2,526/SF
Building Size
6,294 SF
Asset Type
Single Family Residence
Closing
Jun 2, 2026
AI
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.
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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93