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240 Atlantic Avenue

Todd Peter Of Sotheby's International Realty Represents Buyer In $8.2M Sale Of Palm Beach Home
SOLDSingle Family Residence

Todd Peter Of Sotheby's International Realty Represents Buyer In $8.2M Sale Of Palm Beach Home

240 Atlantic Avenue

$8,200,000

$2,444/SF

Building Size

3,354 SF

Asset Type

Single Family Residence

Closing

Jul 24, 2025

AI

The property asset involved in the transaction is a single family home located at 240 Atlantic Avenue in the Palm Beach market. The sale was completed for a price of $8,200,000, encompassing a total area of 3,354 square feet, resulting in a price per square foot of $2,444.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $8,200,000
  • Address: 240 Atlantic Avenue
  • Market: Palm Beach
  • Square Footage: 3,354
  • Price per Square Foot: $2,444
  • Buyer's Representative: Todd Peter - Sotheby's International Realty
  • Seller's Representative: Chris Leavitt - Douglas Elliman

The key individuals involved in the transaction include Todd Peter representing the buyer through Sotheby's International Realty and Chris Leavitt representing the seller from Douglas Elliman. This collaboration facilitated the successful closure of the sale.

Players

Todd Peter

Sotheby's International Realty

Broker

$290.3M

vol

13 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93