Updated Dec 21, 2023
Premier Sotheby's Acquires SFR In Holmes Beach For $4.2M
661 Key Royale Dr, Holmes Beach, FL 34217, USA
$4,195,000
$1,205/SF
Building Size
3,480 SF
Asset Type
MultiFamily
Closing
Aug 25, 2020
About this deal
AI
Located at 661 Key Royale Dr in Holmes Beach, this single-family home was recently sold for a price of $4,195,000. It spans a total area of 3,480 square feet, resulting in a price per square foot of $1,205. The property is situated in a desirable market, offering a great opportunity for investment.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,195,000
- Address: 661 Key Royale Dr, Holmes Beach
- Price per Square Foot: $1,205
- Market: Holmes Beach
Alan Galletto from Island Real Estate of Anna Maria Island represented the seller in this transaction, while Peter Laughlin from Premier Sotheby's International Realty acted as the buyer's representative. Their expertise and negotiation skills played a crucial role in the successful completion of this deal.
Players
Holmes Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $4.2M for 3,480 square feet (2020).
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93