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19300 Loxahatchee River Rd,...

Riverfront Home In Jupiter, FL Sold For $27.489M From Seller Dr. Mazin Shikara
SOLDSingle Family Residence

Riverfront Home In Jupiter, FL Sold For $27.489M From Seller Dr. Mazin Shikara

19300 Loxahatchee River Rd, Jupiter, FL 33458

$27,489,000

$2,267/SF

Building Size

12,121 SF

Asset Type

Single Family Residence

Closing

May 25, 2023

AI

A riverfront home in Palm Beach County, Florida, has sold for $27.489 million. The property, located at 19300 Loxahatchee River Road in Jupiter, sits on a spacious 6.25-acre lot. The highlight of the property is an eight-bedroom house, boasting luxurious amenities and offering breathtaking views of the river. The buyer will also benefit from an agricultural tax benefit, thanks to the presence of a mango grove on the premises. With a total of 12,121 square feet, the property provides ample space for a comfortable living experience.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $27,489,000
  • Market: Jupiter
  • Address: 19300 Loxahatchee River Road
  • Asset Type: Single Family
  • Acres: 6.25

The sale of this remarkable property was facilitated by Jennifer Hyland from Corcoran and Kim Cuomo from Keller Williams Realty Jupiter. As the representatives of the seller, Dr. Mazin Shikara, these brokers ensured a smooth transaction process for both parties involved. Their expertise and negotiation skills played a crucial role in finalizing the deal. This successful sale demonstrates the high demand for exquisite riverfront properties in the Palm Beach County area and highlights the professionalism of the brokers involved.

Players

Jennifer Hyland

The Corcoran Group

Broker

$38.5M

vol

2 deals

Broker

Tequesta 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

0.58%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93