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1700 Galleon Drive, Naples,...

William Raveis Real Estate Sells SFR In Naples For $17.5M
SOLDSingle Family Residence

William Raveis Real Estate Sells SFR In Naples For $17.5M

1700 Galleon Drive, Naples, FL, USA

$17,500,000

$1,891/SF

Building Size

9,253 SF

Asset Type

Single Family Residence

Closing

Dec 22, 2020

AI

The recently closed property transaction in Naples involved the sale of a Single Family Residential (SFR) property located at 1700 Galleon Drive. The transaction took place on December 23, 2020. The property, spanning 9,253 square feet, was sold for a price of $17,500,000. This translates to a price per square foot of $1,891. The transaction was facilitated by Richard Prebish and Thomas Campbell, representing William Raveis Real Estate.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $17,500,000
  • Address: 1700 Galleon Drive
  • Market: Naples
  • Square Footage: 9,253

Richard Prebish and Thomas Campbell, from William Raveis Real Estate, played a key role in bringing this sale to fruition. Their expertise and representation ensured a successful transaction for all parties involved.

Players

Richard Prebish

Broker

$54.5M

vol

4 deals

Broker

Naples 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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93