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154 Atlantic Avenue

Updated Dec 4, 2024

Michael A. Balmuth Sells Palm Beach Single Family Home For $13.075M
SOLDSingle Family

Michael A. Balmuth Sells Palm Beach Single Family Home For $13.075M

154 Atlantic Avenue

$13,075,000

$3,359/SF

Building Size

3,892 SF

Asset Type

Single Family

Closing

Mar 8, 2024

About this deal

AI

The property at 154 Atlantic Avenue in Palm Beach was sold by Michael A. Balmuth for $13,075,000. The single-family asset spans 3,892 square feet, equating to a price per square foot of $3,359. The Bermuda-style residence features four bedrooms, wide-plank white-oak floors, and a Savant smart-home system. Designed by Michael Perry of MP Design & Architecture, the house saw its value double since Balmuth bought it in July 2020 during the pandemic real estate boom.

Summary of transaction details:

Elizabeth Savage from Brown Harris Stevens represented the buyer, while Dana Koch from The Corcoran Group represented Michael A. Balmuth in this real estate transaction in Palm Beach. The property, boasting elegant features and a significant increase in value, captured the attention of discerning buyers in the market.

On the Map

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$13,075,000

$3,359/SF

Single Family

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Players

Dana Koch

The Corcoran Group

Broker

$1.1B

vol

46 deals

Broker
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Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

Michael A. Balmuth bought a home in Palm Beach for $13.1M in 2024. The full closing is on this page.

About $3.4K per square foot on a published $13.1M for 3,892 square feet (2024).

Visit Dana Koch to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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