Updated Oct 28, 2024
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
Palm Beach Gardens Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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