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10 Island Road

2.3-Acre Single Family Home In Palm Beach Sold For $152M
SOLDSingle Family

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

Christian Angle

Christian Angle Real Estate

Broker

$2.7B

vol

99 deals

Broker

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