SOLD
130 Banyan Road Trust Buys Palm Beach Mansion For $60.37M
130 Banyan Road
Single Family
9,653 SF
9,653 SF
Sold 13 days ago
Summary
Sale
FLORIDA
Single Family
9,653 sqft
A 98-year-old mansion located at 130 Banyan Road in Palm Beach was recently sold for $60.37 million. The property sits on a 0.98-acre site and features five bedrooms, 7.5 bathrooms, a pool, tennis court, and fireplace. The off-market deal transpired between 130 Banyan LLC and the 130 Banyan Road Trust, with the buyer being represented by New York attorney Steven M. Loeb. The transaction amount equated to approximately $6,254 per square foot.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $60,370,000
- Address: 130 Banyan Road
- Market: Palm Beach
- Square Footage: 9,653
- Buyer: 130 Banyan Road Trust
- Seller: 130 Banyan LLC
The 130 Banyan Road Trust, led by New York attorney Steven M. Loeb, finalized the acquisition of the historic mansion at 130 Banyan Road. The property's lucrative features, such as its proximity to the ocean and extensive amenities, contribute to its elevated market value in Palm Beach. The sale underscores the desirability and appreciation of prime real estate assets in exclusive locations like Palm Beach.
Details
SOLD
IMAGE: 05/03/2024
ADDRESS: 130 Banyan Road
MARKET: Palm Beach
ASSET TYPE: Single Family ~ ACRES: 0.98
BUYER: 130 Banyan Road Trust
SELLER: 130 Banyan LLC
SALE PRICE: $60,370,000
SF: 9,653 ~ PPSF: $6,254
NOTE: A 98-year-old mansion in Palm Beach, located one lot from the ocean at 130 Banyan Road, was sold for $60.37 million, showing a substantial increase in value. The off-market deal involved the sale by 130 Banyan LLC to the 130 Banyan Road Trust, with New York attorney Steven M. Loeb as trustee, at a rate of $6,254 per square foot. The home, originally built in 1926 on a 0.98-acre site, features five bedrooms, 7.5 bathrooms, a pool, tennis court, and fireplace.View on map
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Address130 Banyan Road
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