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191 West Key Palm Road, Boc...

Updated Oct 28, 2024

Marie & Richard Wackenhut Acquire Boca Raton SFR For $12.8M
SOLDSingle Family Residence

Marie & Richard Wackenhut Acquire Boca Raton SFR For $12.8M

191 West Key Palm Road, Boca Raton, FL, USA

$12,825,000

$1,237/SF

Building Size

10,367 SF

Asset Type

Single Family Residence

Closing

Mar 17, 2021

About this deal

AI

A single-family home located at 191 West Key Palm Road in Boca Raton has been sold in a recent transaction. The property spans an impressive 10,367 square feet and was sold for a price of $12,825,000, resulting in a price per square foot of $1,237. The sale was facilitated by Lawrence Moens of Lawrence A. Moens Associates, who represented the buyers Marie and Richard Wackenhut. Senada Adzem Schweitzer of Douglas Elliman acted as the seller's representative, working on behalf of Lisa J. Leder and Best Properties LLC.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $12,825,000
  • Address: 191 West Key Palm Road, Boca Raton
  • Market: Boca Raton
  • Square Footage: 10,367
  • Price per Square Foot: $1,237

The buyers, Marie and Richard Wackenhut, acquired the property, while Lawrence A. Moens Associates represented them in the transaction. On the seller's side, Lisa J. Leder and Best Properties LLC enlisted the services of Senada Adzem Schweitzer from Douglas Elliman. The successful sale showcases the expertise of these individuals and companies in the Boca Raton real estate market.

Players

Lawrence Moens

Broker

$2.4B

vol

65 deals

Broker

Lisa J. Leder

Seller

$25.3M

vol

2 deals

Seller

Boca Raton Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $12.8M for 10,367 square feet (2021).

Visit Senada Adzem to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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