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350 Island Road

Crista Ryan Of Tina Fanjul Associates Represents Buyer In $35M Sale Of Palm Beach Estate
SOLDSingle Family

Crista Ryan Of Tina Fanjul Associates Represents Buyer In $35M Sale Of Palm Beach Estate

350 Island Road

$35,000,000

$5,201/SF

Building Size

6,729 SF

Asset Type

Single Family

Closing

Jun 29, 2026

AI

The waterfront home at 350 Island Road, located in Palm Beach, Florida, encompasses eight bedrooms and spans 6,729 square feet. It was sold for $35 million, translating to a price per square foot of $5,201.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $35,000,000
  • Sale Date: 06/29/2026
  • Buyer’s Representative: Crista Ryan - Tina Fanjul Associates
  • Seller’s Representatives: Todd Peter & Frances Peter - Sotheby's International Realty

The estate of Jane W. Smith was the seller in this transaction, and the buyer is a trust named after the property's address. The representatives played a crucial role in facilitating the deal between the parties involved.

Players

Frances Peter

Sotheby's International Realty

Broker

$59.1M

vol

2 deals

Broker

Island 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93