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10 Island Road

Palm Beach's Tarpon Isle Sold For $187.5M With Margit Brandt As Buyer's Rep
SOLDSingle Family

Palm Beach's Tarpon Isle Sold For $187.5M With Margit Brandt As Buyer's Rep

10 Island Road

$187,500,000

$8,759/SF

Building Size

21,406 SF

Asset Type

Single Family

Closing

Mar 25, 2024

AI

Tarpon Isle in Palm Beach, a Single Family home spanning 2.27 acres, has been placed under contract for the notable price of $187,500,000. The property offers a total square footage of 21,406 and a price per square foot of $8,759. Located on its own 2.3-acre man-made island, this property is being sold by Todd Michael Glaser, Jim Randall, Scott Robins, and Jonathan Fryd.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $187,500,000
  • Address: 10 Tarpon Isle
  • Market: Palm Beach

The sale of Tarpon Isle in Palm Beach involves key individuals from various real estate agencies. Christopher Leavitt from Douglas Elliman and Suzanne Frisbie from The Corcoran Group represent the sellers, including Todd Michael Glaser, Jim Randall, Scott Robins, and Jonathan Fryd. Margit Brandt from Premier Estate Properties acts as the broker in this significant transaction.

Players

Christopher Leavitt

Douglas Elliman

Broker

$1.3B

vol

51 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

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93