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11607 Charisma Way

Updated Oct 28, 2024

Howard & Kerrie Lance Acquire Palm Beach Gardens SFR For $14.95M
SOLDSingle Family Residence

Howard & Kerrie Lance Acquire Palm Beach Gardens SFR For $14.95M

11607 Charisma Way

$14,950,000

$1,160/SF

Building Size

12,888 SF

Asset Type

Single Family Residence

Closing

Mar 28, 2022

About this deal

AI

A single-family residential property located at 11607 Charisma Way in Palm Beach Gardens has been sold. The property spans over approximately 12,888 square feet and was sold for a price of $14,950,000, resulting in a price per square foot of $1,160. The transaction took place on March 28, 2022. The buyer of the property is Howard & Kerrie Lance, while the seller is Weichert Workforce Mobility, Inc. The deal was facilitated by broker Chris Leavitt from Douglas Elliman.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $14,950,000
  • Address: 11607 Charisma Way, Palm Beach Gardens
  • Market: Palm Beach Gardens
  • Buyer: Howard & Kerrie Lance
  • Seller: Weichert Workforce Mobility, Inc
  • Broker: Chris Leavitt - Douglas Elliman

Chris Leavitt from Douglas Elliman played a key role as the broker in this transaction, representing the buyer and seller. With this sale, Howard & Kerrie Lance acquire a prestigious property in Palm Beach Gardens, demonstrating their interest in luxury residential real estate. Weichert Workforce Mobility, Inc, the seller, has successfully sold this highly sought-after asset.

Players

Christopher Leavitt

Douglas Elliman

Broker

$1.3B

vol

52 deals

Broker

Howard Lance

Buyer

$44.4M

vol

3 deals

Buyer

Palm Beach Gardens Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $15M for 12,888 square feet (2022).

Visit Christopher (Chris) Leavitt to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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