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300 North Lake Way, Palm Be...

Updated Oct 29, 2024

Constance Littman, David Littman Acquire Palm Beach SFR For $55.15M
SOLDSingle Family Residence

Constance Littman, David Littman Acquire Palm Beach SFR For $55.15M

300 North Lake Way, Palm Beach, FL, USA

$55,150,000

$2,065/SF

Building Size

26,696 SF

Asset Type

Single Family Residence

Closing

Dec 28, 2020

About this deal

AI

A single-family residential property located at 300 N. Lake Way in Palm Beach has recently been sold in a closed transaction. The property was sold by L. Frank Chopin, with the buyers being Constance Littman and David Littman of Littman Brands. The deal was facilitated by Christian Angle of Christian Angle Real Estate, who represented the buyers, while Lawrence Moens of Lawrence A. Moens Associates acted as the seller's representative.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $55,150,000
  • Address: 300 N. Lake Way, Palm Beach
  • Market: Palm Beach
  • Asking Price: $58,000,000
  • Square Footage: 26,696 SF
  • Price per Square Foot: $2,066

This transaction involved a significant amount of money, with the property being sold for $55,150,000. The single-family residential property spans across an area of 26,696 square feet, resulting in a price per square foot of $2,066. The deal took place in Palm Beach and was handled by Constance Littman and David Littman of Littman Brands. Representing them in the transaction was their broker, Christian Angle from Christian Angle Real Estate. On the other side, L. Frank Chopin entrusted Lawrence Moens of Lawrence A. Moens Associates to handle the sale of the property.

Players

Lawrence Moens

Broker

$2.4B

vol

65 deals

Broker

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.1K per square foot on a published $55.2M for 26,696 square feet (2020).

Visit Christian Angle to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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