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