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125 Wells Rd Palm Beach, Fl...

Fox News Host Bret Baier Acquires Palm Beach Mansion For $37M With Lender George Mason Mortgage
SOLDSingle Family Residence

Fox News Host Bret Baier Acquires Palm Beach Mansion For $37M With Lender George Mason Mortgage

125 Wells Rd Palm Beach, Fl 33480, Usa

$37,000,000

$5,510/SF

Building Size

6,714 SF

Asset Type

Single Family Residence

Closing

Aug 4, 2023

AI

A 6,714-square-foot single-family home located at 125 Wells Road in Palm Beach has been sold for $37 million. The property, situated on 0.59 acres, was sold by Roberta Weiner. This transaction reflects the surge in home prices in Palm Beach.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $37,000,000
  • Address: 125 Wells Road
  • Market: Palm Beach
  • Size: 6,714 square feet
  • Price Per Square Foot: $5,511

Bret Baier, the host of Fox News, purchased the property through his trust. The buyer's representative in the deal was Christian Angle from Christian Angle Real Estate. The seller's representatives were Dana Koch and Paulette Koch from The Corcoran Group. The mortgage for the purchase, amounting to $24.05 million, was provided by George Mason Mortgage.

It is worth noting that the sale of this Palm Beach mansion highlights the increasing home prices in the area. This transaction demonstrates the continued demand and appeal of properties in Palm Beach's real estate market.

Players

Christian Angle

Christian Angle Real Estate

Broker

$2.7B

vol

99 deals

Broker

Bret Baier

Buyer

$50.5M

vol

2 deals

Buyer

Roberta Weiner

Seller

$53M

vol

2 deals

Seller
GM
George Mason MortgageLender

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93