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221 Royal Poinciana Way, Pa...

SOLD

Marcia & Stephen F. Sullivan Sell Condo In Palm Beach For $10.77M

221 Royal Poinciana Way, Palm Beach, FL, USA

$10,770,000

$1,639/SF

Building Size

6,569 SF

Asset Type

Closing

Nov 6, 2020

AI

This transaction involves a condo located at 221 Royal Poinciana Way, Palm Beach, with a sale price of $10,770,000. The property encompasses a total of 6,569 square feet, resulting in a price per square foot of $1,639.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $10,770,000
  • Address: 221 Royal Poinciana Way, Palm Beach
  • Square Footage: 6,569
  • Price per Square Foot: $1,639
  • Seller: Marcia & Stephen F. Sullivan
  • Buyer's Representative: Todd Peter - Sotheby's Intl. Realty, Inc.
  • Seller's Representative: Suzanne Trapani Frisbie - Premier Estate Properties

The transaction was facilitated by Todd Peter representing the buyer and Suzanne Trapani Frisbie acting on behalf of the sellers. Both representatives are affiliated with established real estate agencies that specialize in high-value property transactions.

Players

Todd Peter

Sotheby's International Realty

Broker

$290.3M

vol

13 deals

Broker

Palm Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.47%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93