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162 Palmetto Street, West P...

Patricia Dunne Acquires 0.4 Acre West Palm Beach Single Family Home For $8.7M
SOLDSingle Family Residence

Patricia Dunne Acquires 0.4 Acre West Palm Beach Single Family Home For $8.7M

162 Palmetto Street, West Palm Beach, Florida 33405, United States

$8,683,675

$1,583/SF

Building Size

5,483 SF

Asset Type

Single Family Residence

Closing

Oct 16, 2022

AI

The recently closed property transaction in West Palm Beach involved the sale of a single-family home located at 162 Palmetto Lane. The property sits on a spacious lot measuring approximately 0.4 acres, offering ample space for outdoor activities and landscaping.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $8,683,675
  • Address: 162 Palmetto Lane, West Palm Beach
  • Market: West Palm Beach
  • Square Footage: 5,483
  • Price per Square Foot: $1,584

The buyer of the property is Patricia Dunne, along with Michael Dunne from NextEra Energy. They were represented by Brooke Alexandra Murphy from Compass. On the other hand, the sellers of the property are Ivey Leidy and Robert P. Leidy Jr. Liza Pulitzer, from the Pulitzer_McGurk_Team at Brown Harris Stevens, acted as the seller's representative in the deal.

This transaction demonstrates the continued demand for high-end properties in the West Palm Beach area. With its spacious lot and well-maintained single-family home, this property attracted the attention of buyers from NextEra Energy, a prominent energy company. Patricia Dunne and Michael Dunne recognized the value and potential of this property, resulting in a successful sale.

Players

Liza Pulitzer

Brown Harris Stevens

Broker

$182.8M

vol

12 deals

Broker
Compass
CompassBrokerage

West 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

1.83%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93