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100 Royal Palm Way, Palm Be...

Cliff Fischer Acquires Palm Beach Condo At 100 Royal Palm Way PH-1 For $15M
SOLD

Cliff Fischer Acquires Palm Beach Condo At 100 Royal Palm Way PH-1 For $15M

100 Royal Palm Way, Palm Beach, Florida 33480, United States

$15,000,000

$5,226/SF

Building Size

2,870 SF

Asset Type

Closing

Sep 20, 2022

AI

100 Royal Palm Way, PH-1 in Palm Beach was recently sold for $15,000,000. This luxury condo spans 2,870 square feet, resulting in a price per square foot of $5,226. The transaction took place on September 21, 2022, as confirmed by the image shared on Instagram by Cliff Fischer.

Summary of Transaction Details:

  • Property Type: Condo
  • Transaction Amount: $15,000,000
  • Date: 09/21/2022
  • Address: 100 Royal Palm Way PH-1
  • Market: Palm Beach
  • Square Footage: 2,870
  • Price Per Square Foot: $5,226
  • Buyer: Rhonda Fischer
  • Seller: Cliff Fischer
  • Buyer's Agent: Linda Olsson - Linda R. Olsson

Rhonda Fischer and Cliff Fischer, representing Fischer & Co, were the buyers of 100 Royal Palm Way, PH-1. Linda Olsson from Linda R. Olsson served as their broker in this transaction.

Players

Linda Olsson

Linda R. Olsson

Broker

$131.1M

vol

10 deals

Broker

Rhonda Fischer

Buyer

$26.2M

vol

2 deals

Buyer

Palm Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93