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
$16,700,000
$4,642/SF
Building Size
3,597 SF
Asset Type
Single Family
Closing
Dec 17, 2025
AI
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
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93