Updated Oct 9, 2026
Konnin Tam Of Apollo And Patrick Loftus-Hills Of Moelis & Company Acquire Palm Beach Mansion For $16.15M
246 Emerald Lane
$16,150,000
$3,334/SF
Building Size
4,844 SF
Asset Type
Single Family
Closing
Oct 6, 2026
About this deal
AI
The property involved in the transaction is a single-family residence located at 246 Emerald Lane in Palm Beach, FL. The asset sits on a 0.35-acre lot and features a total square footage of 4,844. The sale price for this residence was $16,150,000, translating to a price per square foot of $3,334.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,150,000
- Address: 246 Emerald Lane
- Market: Palm Beach, FL
- Acres: 0.35
- Square Feet: 4,844
- Price Per Square Foot: $3,334
- Buyer: Konnin Tam - Apollo; Patrick Loftus-Hills - Moelis & Company
- Seller: Ellen Maureen Carr; Walter Nollmann - Alumni Capital Network
- Buyer's Representative: Dana Koch - The Corcoran Group
- Seller's Representative: Christian Angle - Christian Angle Real Estate
Konnin Tam and Patrick Loftus-Hills were the key figures in this transaction as the buyers, acquiring the property from sellers Walter Nollmann and Ellen Maureen Carr. The representation for the buyers was handled by Dana Koch, while Christian Angle represented the sellers in the deal.
On the Map
$16,150,000
$3,334/SF
Single Family
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Haywood County Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $3.3K per square foot on a published $16.2M for 4,844 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93