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717 N Palm Dr Beverly Hills...

Alon Abady's 9,600-SF SFR In Beverly Hills Flats Sold For $33.6M, Represented By Mauricio Umansky & Farrah Brittany
SOLDSingle Family Residence

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

Farrah Brittany

The Agency

Broker

$126M

vol

8 deals

Broker
Alon Abady

Alon Abady

Abady Holdings

Seller

$106.9M

vol

4 deals

Seller

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