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Lee Fensterstock Sells Single Family Home At 264 Dunbar Road In Palm Beach For $14.34M

Property Image
SOLD
$14,337,100
Paulette Koch
Dana Koch
LF

Florida

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Single Family7,227 SF
Sold 03/11/2025
the dealplayerscompscontact
Property Image
SOLD

Lee Fensterstock Sells Single Family Home At 264 Dunbar Road In Palm Beach For $14.34M

264 Dunbar Road

See Similar Deals
Single Family7,227 SF
Sold 03/11/2025
Paulette Koch
Dana Koch
LF
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,983
Total Square Footage:7,227 SF
Transaction Type:Sale

The asset involved in this transaction is a single-family home located at 264 Dunbar Road in the Palm Beach market. The property was sold for $14,337,100.00 and has a total square footage of 7,227.0.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $14,337,100.00
  • Address: 264 Dunbar Road
  • Market: Palm Beach
  • Square Footage: 7,227.0
  • Seller: Lee Fensterstock

The transaction was facilitated by brokers Paulette Koch and Dana Koch from The Corcoran Group, representing the seller in this closed deal.

Players

Paulette Koch
The Corcoran Group
Paulette Koch
22 deals$545.2M volume
BROKER
Dana Koch
The Corcoran Group
Dana Koch
42 deals$1B volume
BROKER
LF
Lee Fensterstock
4 deals$59.6M volume
SELLER

Details

SOLD
IMAGE: Lee Fensterstock, Paulette Koch & Dana Koch DATE: 03/11/2025 ADDRESS: 264 Dunbar Road MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.45 SELLER: Lee Fensterstock BROKER: Paulette Koch (@PauletteKochpb) & Dana Koch (@KochTeam) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $14,337,100 SF: 7,227 ~ PPSF: $1,984 NOTE: Lee Fensterstock sold his ownership interest in a partially built spec home at 264 Dunbar Road in Palm Beach for $14.34 million to a trust linked to attorney Lester Lipschutz. Corcoran Group’s Paulette Koch and Dana Koch represented both sides in the deal, with the buyer expected to complete the planned seven-bedroom, 7,227-square-foot residence.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$764,645.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,936.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,965.17
Annual Debt Service$815,582.02