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Marcus & Millichap Sells 20-Unit Timbercreek Townhomes And Villas In Royal Palm Beach For $6.2M

Property Image
SOLD
$6,200,000
Brandon Rex
Evan Kristol

Florida

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MultiFamily
Sold 05/21/2025
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Property Image
SOLD

Marcus & Millichap Sells 20-Unit Timbercreek Townhomes And Villas In Royal Palm Beach For $6.2M

100 Sparrow Drive

See Similar Deals
MultiFamily
Sold 05/21/2025
Brandon Rex
Evan Kristol
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is Timbercreek Townhomes and Villas, a 20-unit multifamily community located at 100 Sparrow Drive in Royal Palm Beach. The sale price for the property was $6,200,000, and it spans across 2.5 acres, featuring spacious three-bedroom units and family-friendly amenities distributed among four buildings.

Summary of transaction details:

This transaction was completed with a California-based buyer who was engaging in a 1031 exchange. The brokers representing the deal were Brandon Rex and Evan Kristol from Marcus & Millichap, facilitating this property sale that is situated near Veteran’s Park and top-rated schools.

Players

Evan Kristol
Marcus & Millichap
Evan Kristol
59 deals$415.5M volume
BROKER
Brandon Rex
Marcus & Millichap
Brandon Rex
25 deals$191.8M volume
BROKER

Details

SOLD
IMAGE: Evan Kristol & Brandon Rex DATE: 05/21/2025 ADDRESS: 100 Sparrow Drive MARKET: Royal Palm Beach ASSET TYPE: Multifamily ~ ACRES: 2.5 BROKERS: Brandon Rex & Evan Kristol (@Evan.Kristol) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $6,200,000 UNITS: 20 ~ PPU: $310,000 NOTE: Marcus & Millichap sold Timbercreek Townhomes and Villas, a 20-unit multifamily community in Royal Palm Beach, to a California-based buyer completing a 1031 exchange. The property, located near Veteran’s Park and top-rated schools, features spacious three-bedroom units and family-friendly amenities across four buildings on a 2.5-acre site.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$330,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96