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12236 Tillinghast Cir Palm ...

Robert Johnson Acquires $20M Single Family Property In Palm Beach Gardens
SOLDSingle Family Residence

Robert Johnson Acquires $20M Single Family Property In Palm Beach Gardens

12236 Tillinghast Cir Palm Beach Gardens, FL 33418, USA

$20,000,000

$1,473/SF

Building Size

13,569 SF

Asset Type

Single Family Residence

Closing

Jun 1, 2023

AI

Robert Johnson, BET Co-Founder, has purchased a single-family property located at 12236 Tillinghast Circle in Palm Beach Gardens. The property spans 13,569 square feet and was sold for $20,000,000, resulting in a price per square foot of $1,474.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $20,000,000
  • Address: 12236 Tillinghast Circle, Palm Beach Gardens
  • Square Footage: 13,569
  • Price per Square Foot: $1,474

The transaction was facilitated by Blair Kirwan of Brown Harris Stevens as the buyer's representative and Vincent Marotta of Illustrated Properties LLC as the seller's representative.

Players

Vincent Marotta

Illustrated Properties Real Estate

Broker

$198.6M

vol

13 deals

Broker

Robert Johnson

Buyer

$100.7M

vol

5 deals

Buyer

Miami 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93