Alon Abady's 9,600-SF SFR In Beverly Hills Flats Sold For $33.6M, Represented By Mauricio Umansky & Farrah Brittany
717 N Palm Dr Beverly Hills, CA 90210, USA
$33,600,000
$3,500/SF
Building Size
9,600 SF
Asset Type
Single Family Residence
Closing
Aug 30, 2023
AI
A mansion located at 717 North Palm Drive in Beverly Hills has sold for a record-breaking $33.6 million. The 9,600-square-foot property, previously owned by Simon Cowell, surpassed the previous record of $25 million that was set in June. The sale was conducted as an off-market deal, with details about the listing price and the buyers remaining undisclosed. The mansion underwent renovations prior to the sale.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $33,600,000
- Square Footage: 9,600
- Price per Square Foot: $3,500
- Address: 717 North Palm Drive, Beverly Hills
- Market: Beverly Hills
Mauricio Umansky and Farrah Brittany from The Agency represented both the seller, Alon Abady of Abady Holdings, and the undisclosed buyers in this record-breaking transaction. This deal marks a significant achievement in the Beverly Hills real estate market.
Players
Beverly Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93