Updated Dec 21, 2023
Premier Estate Properties Sells Palm Beach Development Site For $9.4M
205 Via Tortuga, Palm Beach, FL 33480, Estados Unidos
$9,400,000
$69/SF
Building Size
135,230 SF
Asset Type
Development Site
Closing
Oct 24, 2020
About this deal
AI
Located at 205 Via Tortuga in Palm Beach, this development site has been sold for $9,400,000. The property spans a total of 13,523 square feet, resulting in a price per square foot of $695.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,400,000
- Address: 205 Via Tortuga, Palm Beach
- Market: Palm Beach
- BSF (Building Square Footage): 13,523
- Price Per Square Foot: $695
The sale of this development site was facilitated by Jim McCann of Premier Estate Properties. He represented the sellers, Dan E. & Karen Swanson, in the transaction.
Palm Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93