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11279 Old Harbour Road

Blue Sky Trust Acquires Waterfront Mansion In North Palm Beach For $17.25M
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

James Kenny

K2 Realty

Broker

$216.8M

vol

13 deals

Broker

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