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12428 Cypress Island Way, W...

Marc Denis Oken Acquires Wellington Single Family Property For $9.5M
SOLDSingle Family Residence

Marc Denis Oken Acquires Wellington Single Family Property For $9.5M

12428 Cypress Island Way, Wellington, Florida 33414, United States

$9,500,000

$1,074/SF

Building Size

8,845 SF

Asset Type

Single Family Residence

Closing

Sep 25, 2022

AI

The recently closed transaction in Wellington involved the sale of a single-family property located at 12428 Cypress Island Way. The property sits on 0.7 acres of land in a desirable location. The property was sold for a significant amount and offers spacious living with a total area of 8,845 square feet. The sale price for this impressive property was $9,500,000, resulting in a price per square foot of $1,074.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $9,500,000
  • Address: 12428 Cypress Island Way, Wellington
  • Market: Wellington
  • Asset Type: Single Family
  • Acres: 0.7

The buyer, Marc Denis Oken of Falfurrias Management Partners, acquired this exceptional property. Representing the buyer's side, Mark Norman from Douglas Elliman played a crucial role in this transaction. On the seller's side, Cypress Equestrian LLC, represented by Maurice Perkins III, concluded the deal. David Welles from Equestrian Sotheby’s International Realty served as the seller's representative. Together, these individuals and companies facilitated the successful sale of the property.

Players

David Welles

Sotheby's International Realty

Broker

$40.9M

vol

3 deals

Broker

Wellington 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93