Guy Rabideau Acquires Single Family Home In Palm Beach, FL For $32.5M
SOLD
$32,525,000
Florida
See Similar DealsSingle Family Residence7,231 SF
Sold 06/15/2022
SOLD
Guy Rabideau Acquires Single Family Home In Palm Beach, FL For $32.5M
1494 North Lake Way, Florida, United States
See Similar DealsSingle Family Residence7,231 SF
Sold 06/15/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,498
Total Square Footage:7,231 SF
Transaction Type:Sale
A single-family property located at 1494 N Lake Way in Palm Beach, FL was recently sold in a closed transaction. The property spans 7,231 square feet and was sold for a price of $32,525,000, resulting in a price per square foot of $4,498. The buyer of the property is Guy Rabideau, while the sellers are Lorrain Felicita Sommerville-Hall and Malcolm W Hall.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $32,525,000
- Address: 1494 N Lake Way, Palm Beach, FL
- Market: Palm Beach, FL
- Buyer: Guy Rabideau
- Seller: Lorrain Felicita Sommerville-Hall & Malcolm W Hall
- Property Size: 7,231 square feet
- Price per Square Foot: $4,498
Guy Rabideau represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,734,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$115,554.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,185.09
Annual Debt Service$1,850,221.12
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