—Single Family
Blue Sky Trust Acquires Waterfront Mansion In North Palm Beach For $17.25M
11279 Old Harbour Road
Building Size
6,875 SF
Asset Type
Single Family
Closing
May 12, 2025
AI
A single-family mansion located at 11279 Old Harbour Road in North Palm Beach has been sold for $17,250,000. The property encompasses 6,875 square feet and sits on 0.69 acres of land. This transaction marks its first-ever sale, and the property achieved a price per square foot of $2,509.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,250,000
- Address: 11279 Old Harbour Road
- Market: North Palm Beach
- Square Feet: 6,875
- Price per Square Foot: $2,509
- Seller: Edith Dixon Miller
- Buyer's Representative: James Kenny - K2 Realty
- Seller's Representatives: Jeffrey Hallas & John Sousa - Illustrated Properties
- Acres: 0.69
Players
North Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93