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Engel & Völkers Represents Buyer And Seller In $8.7M Sale Of Belleair SFR On 4.69 Acres

Property Image
SOLD
$8,700,000

Florida

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Single Family Residence11,982 SF
Sold 08/28/2023
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Property Image
SOLD

Engel & Völkers Represents Buyer And Seller In $8.7M Sale Of Belleair SFR On 4.69 Acres

140 Willadel Dr Belleair, FL 33756, USA

See Similar Deals
Single Family Residence11,982 SF
Sold 08/28/2023
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$726
Total Square Footage:11,982 SF
Transaction Type:Sale

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

Brandy Jagdmann
1 deal$8.7M volume(727) 461-1000
BROKER

Garret Jagdmann
Engel & Völkers
1 deal$8.7M volume(727) 461-1000
BROKER

Priscilla Pesce
Charles Rutenberg Realty
1 deal$8.7M volume(727) 282-6983
BROKER

Details

SOLD
IMAGE: Priscilla Pesce, Garret Jagdmann & Brandy Jagdmann DATE: 08/28/2023 ADDRESS: 140 Willadel Drive MARKET: Belleair ASSET TYPE: SFR ~ ACRES: 4.69 BUYER'S REP: Brandy Jagdmann (@brandynz123) & Garret Jagdmann (@gjag727) - Engel & Völkers (@engelvoelkers.global) SELLER'S REP: Priscilla Pesce - Charles Rutenberg Realty (@chrutenbergrealty) SALE PRICE: $8,700,000 SF: 11,982 ~ PPSF: $726 NOTE: A Belleair home that was listed for $12,995,000 has been sold for $8.7M below the asking price. The property, previously owned by Marshall Rinker Jr., includes six bedrooms, 11 bathrooms, and various amenities on approximately 2 acres of waterfront land.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$463,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26