Updated Oct 2, 2026
SOLDSingle Family
John Overdeck Purchases Waterfront Compound In Palm Beach For $72 Million With Buyer's Rep Margit Brandt
1460 North Lake Way
$72,000,000
$4,500/SF
Building Size
16,000 SF
Asset Type
Single Family
Closing
Sep 18, 2026
About this deal
AI
A single-family property located at 1460 North Lake Way in Palm Beach, FL, has been sold for $72,000,000. The asset spans approximately 1 acre and features 16,000 square feet of living space, equating to a price per square foot of $4,500.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $72,000,000
- Address: 1460 North Lake Way
- Market: Palm Beach, FL
- Acres: 1
- Square Footage: 16,000
- Price Per Square Foot: $4,500
- Buyer: John Overdeck
- Buyer’s Representative: Margit Brandt - Premier Estate Properties
- Seller’s Representatives: Gary Pohrer & Ryan Serhant - Serhant
John Overdeck has acquired this nearly 1-acre waterfront compound, which includes six bedrooms, a pool, a dock, and 165 feet of waterfront. The property underwent a reported $20 million renovation. This acquisition occurs amid Overdeck's ongoing divorce proceedings in New Jersey, involving disputes over significant assets, including his stake in Two Sigma.
On the Map
$72,000,000
$4,500/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $4.5K per square foot on a published $72M for 16,000 square feet (2026).
Visit Margit Brandt to view all their deals.
Browse Palm Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93