The property asset involved in the transaction is a single-family home located at 1221 North Lake Way in Palm Beach. The sale was concluded for a price of $19,200,000. This home has a total area of 3,202 square feet, sits on a 0.34-acre lot, and features six bedrooms.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $19,200,000
• Address: 1221 North Lake Way
• Market: Palm Beach
• Square Footage: 3,202
• Price per Square Foot: $5,996
• Buyer: Jamie D. McCourt
• Seller: Marc Glimcher
• Brokers: John Cregan & Lisa Cregan - Sotheby's International Realty
• Landmark Status: Lakefront home
• Previous Sale Price: $14,300,000 in 2021
• Previous Seller: 1221 NLW LLC, related to Marc Glimcher and Fairfax Dorn

The deal was handled by brokers John Cregan and Lisa Cregan, both affiliated with Sotheby's International Realty. Buyer Jamie D. McCourt is noted for her past role as the U.S. ambassador to France and Monaco. The property, commonly referred to as the “Boat House,” was originally constructed in 1937 and has undergone renovations by Todd and Kim Glaser.