Updated Dec 4, 2024
Fisher Family Sells Palm Beach Single Family Home For $27.06M
1010 Lake Way
$27,062,500
$5,306/SF
Building Size
5,100 SF
Asset Type
Single Family
Closing
Jun 14, 2024
About this deal
AI
The property at 1010 North Lake Way in Palm Beach, a single-family home, was sold for $27,062,500. Spanning 5,100 square feet, the house was initially purchased for $850,000 in 1977. The transaction took place between the sellers, Michael R. Fisher, Christine Fisher Grow, Judith Fisher Knudsen, and Alfred J. Fisher III, and an undisclosed buyer represented by Christian Angle.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $27,062,500
- Address: 1010 North Lake Way
- Market: Palm Beach
- Buyer's Rep: Christian Angle - Christian Angle Real Estate
- Seller's Rep: Lawrence Moens - Lawrence A. Moens Associates,Inc
- SF: 5,100
- Price per Square Foot: $5,306
The lakefront property was part of the Fisher family's assets and was on the market for $38 million before the final sale. The sale price of $27,062,500 reflects a significant transaction in the exclusive Palm Beach market, showcasing the lucrative nature of luxury real estate deals in the area.
On the Map
$27,062,500
$5,306/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $5.3K per square foot on a published $27.1M for 5,100 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93