Updated Feb 28, 2025
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
About this deal
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:
- Property Type: Single Family
- Transaction Amount: $31,900,000
- Address: 11432 Turtle Beach Road
- Market: North Palm Beach
- Acres: 0.8
- Square Feet: 7,823
- Price Per Square Foot: $4,078
- Seller: 8:28 Florida Properties
- Buyer's Representative: Stephanie Muzzillo - Serhant
- Seller's Representatives: Melanie Barre & Sheila Crosby - Sotheby's International Realty
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.
On the Map
$31,900,000
$4,077/SF
Single Family
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Players
North Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $4.1K per square foot on a published $31.9M for 7,823 square feet (2025).
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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