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11750 Turtle Beach Rd, Nort...

Laura F. Hanson & Alexander D. Hanson Acquire North Palm Beach SFR For $19.2M
SOLDSingle Family Residence

Laura F. Hanson & Alexander D. Hanson Acquire North Palm Beach SFR For $19.2M

11750 Turtle Beach Rd, North Palm Beach, Fl 33408, Usa

$19,200,000

$2,204/SF

Building Size

8,709 SF

Asset Type

Single Family Residence

Closing

Sep 30, 2020

AI

Located in North Palm Beach, the recently sold property at 11750 Turtle Beach Road is a single-family home (SFR) with a total square footage of 8,709. The transaction, which took place on October 1, 2020, involved a sale price of $19,200,000, resulting in a price per square foot of $2,205.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $19,200,000
  • Square Footage: 8,709
  • Price per Square Foot: $2,205

The buyers of the property were Laura F. Hanson and Alexander D. Hanson, who represented TGS Management Company LLC. On the other hand, the sellers were Lori Welch and Jude Reyes. The broker involved in the deal was Paul Kaneb from K2 Realty, Inc.

Players

Paul Kaneb

K2 Realty

Broker

$132.2M

vol

6 deals

Broker

North Palm Beach 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93