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Victor And Julia Tolkan Purchase Single Family Home In Palm Beach For $16.7M With Brokers Dana E. Landry And Michelle Newman

Property Image
SOLD
$16,700,000
Dana E. Landry
Shelly Newman

Florida

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Single Family3,597 SF
Sold 12/17/2025
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Property Image
SOLD

Victor And Julia Tolkan Purchase Single Family Home In Palm Beach For $16.7M With Brokers Dana E. Landry And Michelle Newman

449 Australian Avenue

See Similar Deals
Single Family3,597 SF
Sold 12/17/2025
Dana E. Landry
Shelly Newman
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$4,642
Total Square Footage:3,597 SF
Transaction Type:Sale

A single-family home located at 449 Australian Avenue, Palm Beach, was sold for $16,700,000. The property encompasses 3,597 square feet and features four bedrooms. The sale price equates to approximately $4,643 per square foot. The previous owner, Southern Mark LLC, acquired the property in 2024 for $15,900,000.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $16,700,000
  • Address: 449 Australian Avenue
  • Market: Palm Beach
  • Square Footage: 3,597
  • Price per Square Foot: $4,643
  • Buyer: Victor & Julia Tolkan
  • Seller: Southern Mark LLC
  • Buyer's Representative: Dana E. Landry
  • Seller's Representative: Michelle Newman - The Corcoran Group

Victor and Julia Tolkan were the buyers in this transaction while Michelle Newman from The Corcoran Group represented Southern Mark LLC in the sale. Dana E. Landry represented the buyers throughout the transaction.

Players

Shelly Newman
The Corcoran Group
Shelly Newman
10 deals$257.8M volume(612) 860-4599
BROKER
Dana E. Landry
Dana E. Landry
3 deals$49.7M volume
BROKER

Details

SOLD
IMAGE: Michelle Newman DATE: 12/17/2025 ADDRESS: 449 Australian Avenue MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Victor & Julia Tolkan SELLER: Southern Mark LLC BUYER'S REP: Dana E. Landry SELLER'S REP: Michelle Newman - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $16,700,000 SF: 3,597 ~ PPSF: $4,643 NOTE: Victor and Julia Tolkan purchased a four-bedroom, 3,597-SF single-family home at 449 Australian Ave., Palm Beach, for $16.7M (~$4,643/SF). The seller was Southern Mark LLC, which acquired the property in 2024 for $15.9M.

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

$890,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$59,331.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,166.52
Annual Debt Service$949,998.24