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150 El Vedado Road, Palm Be...

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

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

150 El Vedado Road, Palm Beach, FL, USA

$7,875,000

$1,544/SF

Building Size

5,100 SF

Asset Type

Single Family Residence

Closing

Jan 24, 2021

AI

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

Broker

$570.8M

vol

24 deals

Broker

Barbara Stovall Smith

Alden Global Capital

Buyer

$26.8M

vol

3 deals

Buyer

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.01%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93