Hope Enterprises RE LLC Acquires Single Family Property On El Vedado Road In Palm Beach For $23M
135 El Vedado Rd, Palm Beach, FL 33480, USA
$12,200,000
$108/SF
Building Size
113,000 SF
Asset Type
Single Family Residence
Closing
Aug 10, 2020
AI
A single-family home located at 150 El Vedado Road in Palm Beach has been sold for a price of $23,000,000. The property spans 6,603 square feet, resulting in a price per square foot of $3,483. The transaction took place on January 4, 2023.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $23,000,000
- Address: 150 El Vedado Road, Palm Beach
- Market: Palm Beach
The buyer of the property is Hope Enterprises RE LLC, while the sellers are Barbara Stovall Smith and Randall Smith, represented by Alden Global Capital.
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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93