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
Jupiter 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93