Palm Beach SFR Sold For $68.146M With Buyer's Rep Madison Collum
149 E Inlet Dr Palm Beach, FL 33480, USA
$68,146,000
$5,821/SF
Building Size
11,706 SF
Asset Type
Single Family Residence
Closing
Jul 3, 2023
AI
A Palm Beach house located at the ocean-inlet intersection has been sold for a recorded price of $68.146 million. The property offers stunning views and underwent vetting by a government security agency, indicating the potential need for top-level security services. This single-family residential (SFR) property spans 11,706 square feet and is situated at 149 East Inlet Drive in Palm Beach.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $68,146,000
- Square Footage: 11,706
- Price per Square Foot (PPSF): $5,821
- Address: 149 East Inlet Drive, Palm Beach
- Market: Palm Beach
The sellers of this property are Michelle & Myron “Mosie” Miller, while the buyer was represented by Madison Collum from One Sotheby’s International Realty. On the other hand, Lawrence Moens from Lawrence A. Moens Associates acted as the seller's representative in this transaction.
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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93