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
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