The property asset involved in this transaction is a single-family home located at 291 Jamaica Lane in Palm Beach. The property features a total of 3,283 square feet of living space and sits on a 0.26-acre lot. The sale price for this asset was $11,350,000, equating to a price per square foot of $3,457.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $11,350,000
• Address: 291 Jamaica Lane
• Market: Palm Beach
• Acres: 0.26
• Square Footage: 3,283
• Price per Square Foot: $3,457
• Buyer: 291 JL Trust
• Seller: Todd Michael Glaser
• Buyer's Representative: Brandon Solomon - Douglas Elliman
• Seller's Representative: Patricia Mahaney - Sotheby's International Realty

Developer Todd Michael Glaser sold the renovated 1950s-era home to the 291 JL Trust, with Kyle Tracey acting as the trustee. This transaction follows Glaser's previous acquisition of the property for $7.9 million in June 2024, indicating a substantial profit from the flip.