Todd Michael Glaser Sells Palm Beach Single Family Property To 854 So. County Road For $63.4M
854 S County Rd, Palm Beach, FL 33480
$63,410,000
$3,845/SF
Building Size
16,491 SF
Asset Type
Single Family Residence
Closing
May 26, 2023
AI
A single-family waterfront property located at 854 South Country Road in Palm Beach has been sold. The property spans 2 acres and features a 16,491-square-foot home. The transaction, which took place on May 26, 2023, involved Todd Michael Glaser as the seller.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $63,410,000
- Address: 854 South Country Road
- Market: Palm Beach
- Acres: 2
The buyer of the property was also Todd Michael Glaser, who sold the property for $63,410,000. Suzanne Trapani Frisbie, Paulette Koch, and Dana Koch from The Corcoran Group represented the buyer in the deal.
This sale marks one of the most expensive transactions in South Florida's prestigious Palm Beach neighborhood. It was purchased from 854 South County, LLC by 854 So. County Road, managed by John Krasker of Krasker Law.
Players
Miami 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93