James Dinan Acquires Palm Beach SFR For $49.1M - 520 Island Drive

The recently closed property transaction took place in Palm Beach at 520 Island Drive. The asset in question is a single-family residential property with a total area of 17,190 square feet. The sale was finalized on 05/18/2021 for a total sale price of $49,141,600, resulting in a price per square foot of $2,859. The property itself spans over 13,025 square feet under air, with a price per square foot of $3,773.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $49,141,600
• Address: 520 Island Drive
• Market: Palm Beach

The buyer of the property is James Dinan, while the seller is Corey Schottenstein. Chris Deitz and Lawrence Moens represented the buyer, James Dinan, in this transaction. On the other hand, Suzanne Frisbie acted as the seller's representative. It's worth noting that the seller, Corey Schottenstein, also received a $4.5 million judgment from a previous defaulted contract.