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David Silk Acquires SFR In Lantana For $4.5M

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SOLD
$4,500,000

Florida

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Single Family Residence3,996 SF
Sold 06/09/2022
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Property Image
SOLD

David Silk Acquires SFR In Lantana For $4.5M

200 North Lake Drive, Lantana, Florida 33462, United States

See Similar Deals
Single Family Residence3,996 SF
Sold 06/09/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,126
Total Square Footage:3,996 SF
Transaction Type:Sale

A single-family residence located at 200 N Lake Dr in Lantana has been sold for $4,500,000. The property spans 3,996 square feet, resulting in a price per square foot of $1,126. The sale was completed on June 9, 2022. The transaction was facilitated by Erin Omiatek from One Sotheby’s International Realty acting as the broker.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $4,500,000
  • Square Footage: 3,996
  • Price per Square Foot: $1,126
  • Date: June 9, 2022
  • Address: 200 N Lake Dr, Lantana
  • Market: Lantana

David Silk purchased the property from Steve Gantz. Erin Omiatek from One Sotheby’s International Realty represented both the buyer and the seller in this transaction.

Players

Erin Omiatek
3 deals$20.8M volume
BROKER

Details

SOLD
IMAGE: Erin Omiatek DATE: 06/09/2022 ADDRESS: 200 N Lake Dr MARKET: Lantana ASSET TYPE: SFR BUYER: David Silk SELLER: Steve Gantz BROKER: Erin Omiatek (@BarbieSellstheBeach_) - One Sotheby’s International Realty (@ONESIR) SALE PRICE: $4,500,000 SF: 3,996 ~ PPSF: $1,126

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55