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PB 130 Limited Partnership Acquires Renovated Palm Beach Property For $13.2M

Property Image
SOLD
$13,200,000
Spencer Schlager
Dana Koch
LF

Florida

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Single Family3,700 SF
Sold 04/13/2023
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Property Image
SOLD

PB 130 Limited Partnership Acquires Renovated Palm Beach Property For $13.2M

233 Miraflores Drive

See Similar Deals
Single Family3,700 SF
Sold 04/13/2023
Spencer Schlager
Dana Koch
LF
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,567
Total Square Footage:3,700 SF
Transaction Type:Sale

A renovated house in Palm Beach has been sold for $13.2 million. Located at 233 Miraflores Drive, the property features four bedrooms, a pool, and a two-car garage. This single-family home sits on approximately 0.3 acres of land, offering a spacious and luxurious living space. The extensive renovation undertaken prior to the sale ensures that the house is in pristine condition.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $13,200,000
  • Address: 233 Miraflores Drive
  • Market: Palm Beach
  • Asset Type: Single Family
  • Acres: 0.3

The buyer, PB 130 Limited Partnership, a Ontario-based entity managed by Keith L. Ray, recognized the value and potential of this property and made the purchase. Representing the buyer in this transaction was Spencer Schlager from Douglas Elliman. On the other hand, Dana Koch and Paulette Koch from The Corcoran Group represented the seller, Lee Fensterstock. This deal shows the continuing popularity of Palm Beach as a thriving real estate market.

Players

Dana Koch
The Corcoran Group
Dana Koch
42 deals$1B volume
BROKER
Spencer Schlager
Douglas Elliman
Spencer Schlager
13 deals$244.8M volume(310) 592-7761
BROKER
LF
Lee Fensterstock
4 deals$59.6M volume
BROKER

Details

SOLD
IMAGE: Dana Koch & Paulette Koch DATE: 04/13/2023 ADDRESS: 233 Miraflores Drive MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.3 BUYER: PB 130 Limited Partnership - Keith L. Ray SELLER: Lee Fensterstock BUYER'S REP: Spencer Schlager (@SpencerSchlager) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) SELLER'S REP: Dana Koch (@KochTeam) & Paulette Koch (@PauletteKochpb) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $13,200,000 SF: 3,700 ~ PPSF: $3,567 NOTE: Palm Beach continues to be a hotspot for high-profile real estate deals, with local developer Lee Fensterstock selling a renovated house for $13.2 million. The property, located at 233 Miraflores Drive, boasts four bedrooms, a pool, and a two-car garage, and underwent an extensive renovation before going into contract. The buyer, PB 130 Limited Partnership, is an Ontario-based entity managed by Keith L. Ray.

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