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
Miami 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93