Updated Sep 9, 2024
Kosar Bishop's Palm Beach Home Sells For $14.9M
125 Gulfstream Rd, Palm Beach, FL 33480
$14,900,000
$4,257/SF
Building Size
3,500 SF
Asset Type
Single Family Residence
Closing
Jun 5, 2023
About this deal
AI
The non-waterfront Palm Beach home of Kosar Bishop, son of hedge funder Robert Bishop, has been sold for $14.9 million. The property, located at 125 Gulfstream Road, features a 3,500-square-foot house with five bedrooms and a pool. Situated near the ocean and Worth Avenue, the property's prime location was a draw for the buyers.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $14,900,000
- Address: 125 Gulfstream Road, Palm Beach
- Market: Palm Beach
- Acres: 0.2
The buyer's representative in this deal was Jack Elkins from William Raveis Real Estate, while JoAnna Myers from Douglas Elliman represented the seller, Kosar Bishop.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $4.3K per square foot on a published $14.9M for 3,500 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93