Guy Rabideau Acquires Single Family Home In Palm Beach, FL For $32.5M
1494 North Lake Way, Florida, United States
$32,525,000
$4,498/SF
Building Size
7,231 SF
Asset Type
Single Family Residence
Closing
Jun 14, 2022
AI
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.
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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93