$16.3M Mansion Sold In Off-Market Deal In Lost Tree Village Near North Palm Beach

A 6,241-square-foot mansion located along the golf course in Lost Tree Village near North Palm Beach has been sold for $16.3 million in an off-market deal. The property, built in 2021, is situated on a 0.65-acre lot and features four bedrooms, 5.5 bathrooms, an outdoor fireplace, and a pool. This luxurious estate fetched a price of $2,612 per square foot.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $16,300,000
• Address: 1009 Palm Way
• Market: North Palm Beach
• ACRES: 0.65

The buyer of this remarkable property is the 1009 Palm Way Road Florida Land Trust, represented by Robert J. Kanjian. On the other hand, the seller is The Michael J. Johnston Revocable Trust, with Daniel B. Johnston as the representative. The transaction marks a significant milestone in both parties' real estate portfolios.

NOTE: This off-market sale showcases the desirability of the property, with its prime location near the golf course and the luxurious amenities it offers, such as the outdoor fireplace and pool. The transaction reinforces the robust market demand for high-end properties in North Palm Beach.