Updated Oct 2, 2026
Jack Rooney & Spencer Schlager Of Douglas Elliman Sell 593 Island Drive Palm Beach For $28.82M
593 Island Drive
$28,823,673
$4,765/SF
Building Size
6,048 SF
Asset Type
Single Family Residence
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in this transaction is a single-family home located at 593 Island Drive in the Palm Beach market. It encompasses a total area of 6,048 square feet and has a sale price of $28,823,673, resulting in a price per square foot of $4,765.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $28,823,673
- Address: 593 Island Drive
- Market: Palm Beach
- Square Footage: 6,048
- Price per Square Foot: $4,765
- Brokers: Jack Rooney & Spencer Schlager - Douglas Elliman
Key individuals in this transaction include brokers Jack Rooney and Spencer Schlager, who represent the deal through Douglas Elliman, facilitating the sale of the property.
On the Map
$28,823,673
$4,765/SF
Single Family Residence
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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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93