Fontaine Road LLC Acquires Oceanfront Mansion From Maurice Pinsonnault In North Palm Beach For $55M
12032 East End
$55,000,000
$5,231/SF
Building Size
10,514 SF
Asset Type
Single Family
Closing
May 1, 2025
AI
A 10,514 square foot single-family home situated on 1.39 acres was sold at a price of $55,000,000. The property, located at 12032 East End in North Palm Beach, showcases the increasing value of beachfront real estate in the area.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $55,000,000
- Address: 12032 East End
- Market: North Palm Beach
- Square Footage: 10,514
- Price per Square Foot: $5,231
- Buyer: Fontaine Road LLC
- Seller: Maurice Pinsonnault - Angelcare
- Brokers: James Kenny & Paul Kaneb - K2 Realty
- Acres: 1.39
The transaction was facilitated by brokers James Kenny and Paul Kaneb from K2 Realty, who represented the seller, Maurice Pinsonnault of Angelcare. The substantial sale reflects significant market activity in the luxury property sector, particularly in Lost Tree Village.
Players
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93