Updated Sep 9, 2024
Engel & Völkers Represents Buyer And Seller In $8.7M Sale Of Belleair SFR On 4.69 Acres
140 Willadel Dr Belleair, FL 33756, USA
$8,700,000
$726/SF
Building Size
11,982 SF
Asset Type
Single Family Residence
Closing
Aug 28, 2023
About this deal
AI
A Belleair home located at 140 Willadel Drive has been sold in a recent transaction. The property, situated on approximately 4.69 acres of land, features a single-family residence with a total of 11,982 square feet. The sale price for this property was $8,700,000, resulting in a price per square foot of $726.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $8,700,000
- Address: 140 Willadel Drive
- Market: Belleair
- Acres: 4.69
The buyer's representatives involved in this transaction were Brandy Jagdmann and Garret Jagdmann from Engel & Völkers. On the other hand, Priscilla Pesce, representing Charles Rutenberg Realty, served as the seller's representative.
It is worth noting that the property was listed for $12,995,000 initially, but it was eventually sold for $8.7 million, marking a significant difference from the original asking price. The house itself comprises six bedrooms, 11 bathrooms, and offers various amenities. Additionally, the property boasts a waterfront location on approximately 2 acres of land.
Players
Belleair 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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93