Updated Oct 29, 2024
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
About this deal
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.
On the Map
$7,875,000
$1,544/SF
Single Family Residence
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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
2.01%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93