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
About this deal
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.
On the Map
$15,000,000
$5,226/SF
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Players
Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $5.2K per square foot on a published $15M for 2,870 square feet (2022).
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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