Updated Oct 29, 2024
PC UT Holdings Acquires Single Family Home In Fort Lauderdale For $16.75M
1600 Ponce De Leon Drive, Fort Lauderdale, FL, USA
$16,750,000
$1,342/SF
Building Size
12,476 SF
Asset Type
Single Family Residence
Closing
Feb 21, 2021
About this deal
AI
The property at 1600 Ponce De Leon Drive in Fort Lauderdale has been sold for $16,750,000. The single-family asset spans an impressive 12,476 square feet, resulting in a price per square foot of $1,343. The transaction took place on February 22, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $16,750,000
- Address: 1600 Ponce De Leon Drive, Fort Lauderdale
- Market: Fort Lauderdale
Rachel Alexander from Whitaker Realty represented the buyer, PC UT Holdings, in this sale. Julie Jones-Bernard from Florida Luxurious Properties served as the seller's representative, assisting Donald K. and Rebecca M. McKinney in the transaction.
On the Map
$16,750,000
$1,342/SF
Single Family Residence
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Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93