Updated Dec 21, 2023
Wanli Xiong Acquires Single Family Property In Fort Lauderdale For $14.15M
1235 E Lake Dr, Fort Lauderdale, FL, USA
$14,150,000
$914/SF
Building Size
15,475 SF
Asset Type
Single Family Residence
Closing
Aug 5, 2021
About this deal
AI
Located at 1235 E Lake Dr in Fort Lauderdale, this single-family property recently changed hands in a closed transaction. The property spans over 15,475 square feet, with a price per square foot of $914. The sale price for the property was $14,150,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,150,000
- Address: 1235 E Lake Dr
- Market: Fort Lauderdale
Wanli Xiong acquired the property from Josh N. Bennett. The deal was handled by the respective brokers representing both parties.
On the Map
$14,150,000
$914/SF
Single Family Residence
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Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $914 per square foot on a published $14.2M for 15,475 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93