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11432 Turtle Beach Road

North Palm Beach Oceanfront Home Sold For $31.9M By Buyer Rep Stephanie Muzzillo
SOLDSingle Family

North Palm Beach Oceanfront Home Sold For $31.9M By Buyer Rep Stephanie Muzzillo

11432 Turtle Beach Road

$31,900,000

$4,077/SF

Building Size

7,823 SF

Asset Type

Single Family

Closing

Feb 24, 2025

AI

A single-family home located at 11432 Turtle Beach Road in North Palm Beach was sold for $31,900,000. The property spans 7,823 square feet and encompasses 0.8 acres. The price per square foot is calculated at $4,078. This oceanfront home is situated in Lost Tree Village and has surpassed the previous community record of $25 million. It was last sold for $22 million in 2022 and was initially listed for $39.5 million in March.

Summary of transaction details:

This transaction involved key representatives in the real estate field, with Stephanie Muzzillo representing the buyer from Serhant and Melanie Barre alongside Sheila Crosby representing the seller from Sotheby's International Realty.

Players

Sheila Crosby

Sotheby's International Realty

Broker

$79.1M

vol

4 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

North Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93