Updated Jan 19, 2026
J. Michael Chu And Elizabeth K. Chu Sell Palm Beach Mansion To 102 Angler Avenue Nominee Trust For $58.37M
102 Angler Avenue
$58,370,000
$7,305/SF
Building Size
7,990 SF
Asset Type
Single Family
Closing
Jan 16, 2026
About this deal
AI
The property at 102 Angler Avenue in Palm Beach, a single-family residence covering 7,990 square feet, has been sold for $58,370,000. The asset sits on a 0.56-acre lot and features five bedrooms, seven bathrooms, and a pool. The sale price translates to $7,305 per square foot. The home was originally built in 2016.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $58,370,000
- Address: 102 Angler Avenue
- Market: Palm Beach
- Acres: 0.56
- Square Footage: 7,990
- Price Per Square Foot: $7,305
- Buyer: 102 Angler Avenue Nominee Trust
- Seller: Elizabeth K. Chu; J. Michael Chu - L Catterton
J. Michael Chu, co-founder of private equity firm L. Catterton, and his wife Elizabeth completed the sale of their mansion, facilitated by the buyer, the 102 Angler Avenue Nominee Trust, with trustee Sarah T. Connolly overseeing the transaction.
On the Map
$58,370,000
$7,305/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 $7.3K per square foot on a published $58.4M for 7,990 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93