Updated Oct 29, 2024
Rodman Ryan Acquires Palm Beach Home From Michael And Paula Valente Bickford For $28.7M
135 Gulfstream Rd, Palm Beach, Fl 33480
$28,700,000
$4,843/SF
Building Size
5,925 SF
Asset Type
Single Family Residence
Closing
Jun 13, 2023
About this deal
AI
A Palm Beach home located at 135 Gulfstream Road has been sold in a transaction for $28.7 million. The buyer, Dianne Ryan of Open Road Auto Group, acquired the property from Michael D. Bickford and Paula Valente Bickford of Carriage House Club. The house spans 5,925 square feet and sits on 0.4 acres of land. It was originally purchased by the Bickfords in 2015 for $6.4 million.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $28,700,000
- Address: 135 Gulfstream Road, Palm Beach
- Market: Palm Beach
- Buyer: Dianne Ryan; Rodman Ryan - Open Road Auto Group
- Seller: Michael D. Bickford & Paula Valente Bickford - Carriage House Club
- Square Footage: 5,925
- Price Per Square Foot: $4,844
The buyer, represented by Rodman Ryan from Open Road Auto Group, successfully acquired the property from the seller, Michael D. Bickford and Paula Valente Bickford of Carriage House Club. This sale marks a significant transaction in the Palm Beach market, with the property being sold at a considerable premium compared to its original purchase price.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $4.8K per square foot on a published $28.7M for 5,925 square feet (2023).
Browse Miami single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93