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Barbara Stovall Smith, Randall Smith Acquires Palm Beach SFR For $7.9M

Property Image
SOLD
$7,875,000
Christopher (Chris) Leavitt
Ashley McIntosh
Christine Gibbons
+ 2

Florida

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Single Family Residence5,100 SF
Sold
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Property Image
SOLD

Barbara Stovall Smith, Randall Smith Acquires Palm Beach SFR For $7.9M

150 El Vedado Road, Palm Beach, FL, USA

See Similar Deals
Single Family Residence5,100 SF
Sold
Christopher (Chris) Leavitt
Ashley McIntosh
Christine Gibbons
+ 2
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1544
Total Square Footage:5100 SF
Transaction Type:Sale

The single-family home located at 150 El Vedado Road in Palm Beach has been sold for $7,875,000. The property spans 5,100 square feet, resulting in a price per square foot of $1,544. The transaction took place on January 25, 2021.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $7,875,000
  • Address: 150 El Vedado Road
  • Market: Palm Beach

The buyer of the property is Barbara Stovall Smith, represented by Randall Smith from Alden Global Capital. On the other hand, Lawrence and Wendy Miller acted as the sellers. Christine Gibbons from Sotheby's International Realty, Inc. served as the buyer's representative, while Christopher Leavitt and Ashley McIntosh from Douglas Elliman represented the sellers in the deal.

Players

Ashley McIntosh
Douglas Elliman
Ashley McIntosh
24 deals$570.8M volume(561) 685-0861
BROKER
Christopher (Chris) Leavitt
Douglas Elliman
Christopher Leavitt
49 deals$1.3B volume(917) 664-0720
BROKER
Christine Gibbons
Sotheby's International Realty
Christine Gibbons
2 deals$14M volume
BROKER
BS
Barbara Stovall Smith
3 deals$26.8M volume
BUYER
Randall Smith
Randall Smith
4 deals$32.8M volume
BUYER

Details

SOLD
IMAGE: Christopher Leavitt, Randall Smith & Ashley McIntosh DATE: 01/25/2021 ADDRESS: 150 El Vedado Road MARKET: Palm Beach ASSET TYPE: SFR BUYER: Barbara Stovall Smith, Randall Smith - Alden Global Capital SELLER: Lawrence & Wendy Miller BUYER'S REP: Christine Gibbons - Sotheby's Intl. Realty, Inc. SELLER'S REP: Christopher Leavitt & Ashley McIntosh - Douglas Elliman PRICE: $7,875,000 SF: 5,100 ~ PPSF: $1,544

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$420,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,978.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,331.52
Annual Debt Service$447,978.21