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991 North Lake Way, Palm Be...

Premier Estate Properties Acquires Palm Beach Single Family Home On N Lake Way
SOLDSingle Family Residence

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

Allison Wren

Broker

$89.8M

vol

5 deals

Broker

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