Updated Oct 28, 2024
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
Boca Raton 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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93