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
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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