Updated Jul 27, 2026
Catherine And Philip B. Korsant Purchase Home On Ridgeview Drive In Palm Beach For $12.69M
234 Ridgeview Drive
$12,690,000
$2,817/SF
Building Size
4,504 SF
Asset Type
Single Family
Closing
Jul 20, 2026
About this deal
AI
A single-family home located at 234 Ridgeview Drive, Palm Beach, FL, has been sold for $12,690,000. The asset encompasses 4,504 square feet of living space on a 0.26-acre lot. The price per square foot stands at $2,817.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,690,000
- Address: 234 Ridgeview Drive
- Market: Palm Beach, FL
- Acres: 0.26
- Buyer: Catherine & Philip B. Korsant
- Seller: Donna & Donald R. Whitaker Jr.
- Broker: Suzanne Frisbie - The Corcoran Group
- Square Footage: 4,504
- Price Per Square Foot: $2,817
Philip and Catherine Korsant acquired this property shortly after selling their landmarked Estate Section mansion. Suzanne Frisbie from The Corcoran Group represented both the buyers and sellers in this transaction.
Ridgeview Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.8K per square foot on a published $12.7M for 4,504 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93