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.
On the Map
$14,900,000
$4,257/SF
Single Family Residence
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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