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
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