Updated Sep 5, 2024
Sylvester Stallone & Jennifer Flavin Acquire Palm Beach SFR Estate For $35.4M
1480 North Lake Way, Palm Beach, FL, USA
$35,375,000
$2,671/SF
Building Size
13,241 SF
Asset Type
Single Family Residence
Closing
Dec 16, 2020
About this deal
AI
An SFR Estate located at 1480 N. Lake Way in Palm Beach has been sold for a price of $35,375,000. The property spans across 13,241 square feet with a price per square foot of $2,672.
Summary of transaction details:
- Property Type: SFR Estate
- Transaction Amount: $35,375,000
- Address: 1480 N. Lake Way
- Market: Palm Beach
The buyers of the property are Sylvester Stallone and Jennifer Flavin, while the sellers are Ronald G. and Cindy McMackin. Representing the buyers in the deal was Christian Angle from Christian Angle Real Estate, and Lawrence Moens from Lawrence A. Moens represented the sellers.
On the Map
$35,375,000
$2,671/SF
Single Family Residence
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Players
Palm Beach 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93