2.3-Acre Single Family Home In Palm Beach Sold For $152M
10 Island Road
$152,000,000
$5,311/SF
Building Size
28,618 SF
Asset Type
Single Family
Closing
May 17, 2024
AI
The Single Family property located at 10 Tarpon Isle in Palm Beach, spanning 2.3 acres, was sold for $152 million. The 28,618 square-foot mansion was acquired by undisclosed buyers, facilitated by Margit Brandt from Premier Estate Properties. The sellers, Todd Glaser, Jim Randall, Scott Robins, and Jonathan Fryd, were represented by Christian Angle from Christian Angle Real Estate, Christopher Leavitt from Douglas Elliman, and Suzanne Frisbie from The Corcoran Group.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $152,000,000
- Address: 10 Tarpon Isle
- Market: Palm Beach
- Square Footage: 28,618
- Price Per Square Foot: $5,311
The sale of the Palm Beach property at 10 Tarpon Isle, at a notable $152 million, involved key figures such as Christopher Leavitt, Margit Brandt, Todd Glaser, Jonathan Fryd, Scott Robins, Jim Randall, Christian Angle, and Suzanne Frisbie. The transaction, which captured attention for being one of the most significant residential sales in Florida this year, marked a 30% discount from its original listing price of $218 million amidst a period of heightened luxury real estate activity in South Florida.
Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93