Cliff Fischer Acquires Palm Beach Condo At 100 Royal Palm Way PH-1 For $15M
SOLD
Florida
See Similar Deals2,870 SF
Sold 09/21/2022
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
See Similar Deals2,870 SF
Sold 09/21/2022
Summary
FLORIDA
Price Per Square Foot:$5,226
Total Square Footage:2,870 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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