Todd Peter Of Sotheby's International Realty Represents Buyer In $11.8M Palm Beach Single Family Sale
239 Montery Road
$11,800,000
$2,780/SF
Building Size
4,244 SF
Asset Type
Single Family Residence
Closing
May 29, 2025
AI
The property involved in this transaction is a single-family home located at 239 Monterey Road in Palm Beach, featuring a sale price of $11,800,000. The property encompasses a total square footage of 4,244, resulting in a price per square foot of $2,780.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,800,000
- Square Footage: 4,244
- Price per Square Foot: $2,780
- Address: 239 Monterey Road
- Market: Palm Beach
- Buyer's Representative: Todd Peter - Sotheby's International Realty
- Seller's Representatives: Cara Coniglio McClure & Lisa Wilkinson - Douglas Elliman
Key individuals involved in this transaction include Todd Peter, who represented the buyer, and Cara Coniglio McClure along with Lisa Wilkinson, who represented the seller. All three individuals are affiliated with well-established real estate agencies, providing professional representation for their respective clients in this transaction.
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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93