232 La Puerta Land Trust Purchases Single Family Home From Peter Liam Burt For $18.4M
232 La Puerta Way
$18,400,000
$3,436/SF
Building Size
5,354 SF
Asset Type
Single Family
Closing
Jun 30, 2026
AI
A speculative five-bedroom home situated at 232 La Puerta Way in Palm Beach has been sold for a price of $18.4 million. The property spans 5,354 square feet and occupies 0.29 acres in the Palm Beach market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,400,000
- Address: 232 La Puerta Way
- Market: Palm Beach, FL
- Square Footage: 5,354
- Price Per Square Foot: $3,437
- Buyer: 232 La Puerta Land Trust
- Seller: Peter Liam Burt and Family
- Buyer's Representative: Liza Pulitzer & Whitney McGurk - Brown Harris Stevens
- Seller's Representative: Peter Burt & Peter Liam Burt - Douglas Elliman
The transaction involved developer Peter Liam Burt and his family, who sold the newly completed residence through La Puerta Project LLC. This sale follows the Burt family's acquisition of the site for $8.625 million in 2023, during which they demolished the existing home and developed the new residence, ensuring a contract was secured in February without any price reduction.
Players
Hardaway Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93