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Jeremy Browne Of Hughes Browne Group - Compass Acquires Single Family Home In Palm Beach Gardens For $22.5M

Property Image
SOLD
$22,500,000
Jeremy Browne
Vincent (Vince) Marotta

Florida

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Single Family Residence9,655 SF
Sold 07/07/2022
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Property Image
SOLD

Jeremy Browne Of Hughes Browne Group - Compass Acquires Single Family Home In Palm Beach Gardens For $22.5M

12203 Tillinghast Circle, Palm Beach Gardens, Florida 33418, United States

See Similar Deals
Single Family Residence9,655 SF
Sold 07/07/2022
Jeremy Browne
Vincent (Vince) Marotta
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,330
Total Square Footage:9,655 SF
Transaction Type:Sale

The property at 12203 Tillinghast Circle in Palm Beach Gardens was recently sold in a closed transaction. This single-family home features a spacious layout with a total area of 9,655 square feet. The property was sold for a price of $22,500,000, resulting in a price per square foot of $2,330.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $22,500,000
  • Address: 12203 Tillinghast Circle, Palm Beach Gardens
  • Market: Palm Beach Gardens

Jeremy Browne from the Hughes Browne Group - Compass represented the buyer in this transaction, while Vince Marotta from Illustrated Properties LLC represented the seller.

Players

Vincent (Vince) Marotta
Illustrated Properties Real Estate
Vincent Marotta
13 deals$198.6M volume(561) 847-5700
BROKER
Jeremy Browne
Compass
Jeremy Browne
1 deal$22.5M volume
BROKER

Details

SOLD
IMAGE: Jeremy Browne DATE: 07/07/2022 ADDRESS: 12203 Tillinghast Circle MARKET: Palm Beach Gardens ASSET TYPE: Single Family BUYER'S REP: Jeremy Browne - Hughes Browne Group - Compass SELLER'S REP: Vince Marotta - Illustrated Properties LLC SALE PRICE: $22,500,000 SF: 9,655 ~ PPSF: $2,330

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,200,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75