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Kosar Bishop's Palm Beach Home Sells For $14.9M

Property Image
SOLD
$14,900,000
Jack Elkins
JoAnna Myers

Florida

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Single Family Residence3,500 SF
Sold
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Property Image
SOLD

Kosar Bishop's Palm Beach Home Sells For $14.9M

125 Gulfstream Rd, Palm Beach, FL 33480

See Similar Deals
Single Family Residence3,500 SF
Sold
Jack Elkins
JoAnna Myers
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4257
Total Square Footage:3500 SF
Transaction Type:Sale

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

Jack Elkins
William Raveis Real Estate
Jack Elkins
6 deals$135.3M volume
BROKER
JoAnna Myers
Douglas Elliman
JoAnna Myers
1 deal$14.9M volume(561) 308-7525
BROKER

Details

SOLD
IMAGE: Jack Elkins & JoAnna Myers DATE: 06/05/2023 ADDRESS: 125 Gulfstream Road MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.2 SELLER: Kosar Bishop BUYER'S REP: Jack Elkins - William Raveis Real Estate (@WilliamRaveis) SELLER'S REP: JoAnna Myers - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) SALE PRICE: $14,900,000 SF: 3,500 ~ PPSF: $4,257 NOTE: The non-waterfront Palm Beach home of Kosar Bishop, son of hedge funder Robert Bishop, has been sold for $14.9 million. The property features a 3,500-square-foot house with five bedrooms and a pool, and its location near the ocean and Worth Avenue was a draw for the buyers.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$52,936.55
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