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324 Eden Road

Jonas Heidrich Acquires Single Family Home From Morton Pierce For $9,000,000 In Palm Beach
SOLDSingle Family Residence

Jonas Heidrich Acquires Single Family Home From Morton Pierce For $9,000,000 In Palm Beach

324 Eden Road

$9,000,000

Building Size

Asset Type

Single Family Residence

Closing

Jul 7, 2026

AI

The asset involved in this transaction is a single-family property located at 324 Eden Road in Palm Beach. The sale price for this property was $9,000,000.

Summary of transaction details:

This transaction was facilitated by Dana Koch and Dovi Ettedgui, who represented the seller, Morton Pierce, ensuring the completion of the deal. Each agent brought their expertise from their respective firms, The Corcoran Group and Serhant, to successfully close this sale.

Players

Dana Koch

The Corcoran Group

Broker

$1.1B

vol

45 deals

Broker

Jonas Heidrich

Buyer

$9M

vol

1 deal

Buyer

Morton Pierce

Seller

$16.4M

vol

2 deals

Seller

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93