Ramrod LLC Acquires Palm Beach Single Family From Jim Clark - Netscape For $30.1M
120 Jungle Road, Palm Beach, FL, USA
$30,100,000
$1,674/SF
Building Size
17,972 SF
Asset Type
Single Family Residence
Closing
Apr 12, 2021
AI
Ramrod LLC has purchased a single-family property in Palm Beach from Jim Clark, the founder of Netscape. The transaction was facilitated by Lawrence Moens of Lawrence A. Moens Associates.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $30,100,000
- Square Footage: 17,972
- Price Per Square Foot: $1,675
This significant sale took place on April 13, 2021, in the Palm Beach market. The property is notable for its expansive size, offering nearly 18,000 square feet of living space.
Ramrod LLC acted as the buyer in this transaction, acquiring the property from Jim Clark, the renowned entrepreneur behind Netscape. Represented by Lawrence Moens of Lawrence A. Moens Associates, the deal exemplifies the expertise and reputation of the involved parties.
Players
Palm Beach 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93