Premier Estate Properties Acquires Palm Beach Single Family Home On N Lake Way
991 North Lake Way, Palm Beach, FL, USA
$9,422,539
$1,498/SF
Building Size
6,290 SF
Asset Type
Single Family Residence
Closing
Apr 29, 2021
AI
991 N Lake Way in Palm Beach was recently sold in a single-family transaction. The property spans 6,290 square feet and was sold for $9,422,539, resulting in a price per square foot of $1,498.
Summary of transaction details:
- Property Type: Single Family
- Sale Price: $9,422,539
- Square Footage: 6,290
- Price per Square Foot: $1,498
- Address: 991 N Lake Way
- Market: Palm Beach
Christopher Furlo acted as the seller in this transaction. Allison Wren from Premier Estate Properties, Inc represented the buyer, while Gregory Weadock from Brown Harris Stevens of PB served as the seller's representative.
Players
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
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93