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176 Spyglass Lane, Jupiter,...

George & Sarah McMahon Acquire Single Family Property In Jupiter For $24M
SOLDSingle Family Residence

George & Sarah McMahon Acquire Single Family Property In Jupiter For $24M

176 Spyglass Lane, Jupiter, FL, USA

$24,000,000

$1,341/SF

Building Size

17,885 SF

Asset Type

Single Family Residence

Closing

Jun 22, 2021

AI

The single-family property located at 176 Spyglass Lane in Jupiter has been sold for a transaction amount of $24,000,000. The property offers a spacious living area of 17,885 square feet, resulting in a price per square foot of $1,342. The seller, Johnny Gray and Terry Gray, successfully closed the deal with the buyers, George and Sarah McMahon, who are represented by American Infrastructure Partners. The transaction was facilitated by Rob Thomson from Waterfront Properties and Club Communities.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $24,000,000
  • Square Footage: 17,885
  • Price Per Square Foot: $1,342
  • Date: 06/23/2021
  • Address: 176 Spyglass Lane, Jupiter
  • Seller: Johnny Gray & Terry Gray
  • Buyer: George & Sarah McMahon - American Infrastructure Partners
  • Broker: Rob Thomson - Waterfront Properties and Club Communities

The successful transaction of 176 Spyglass Lane involved George and Sarah McMahon as the buyers, represented by American Infrastructure Partners. On the other side of the deal, Johnny Gray and Terry Gray served as the sellers. Rob Thomson, a broker from Waterfront Properties and Club Communities, played a crucial role in facilitating the transaction.

Players

Robert Thomson

Waterfront Properties and Club Communities

Broker

$262.9M

vol

23 deals

Broker
AP
American Infrastructure PartnersBuyer

Jupiter 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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93