Updated Jan 30, 2025
Lawrence Moens Of Lawrence A Moens Associates Inc Represents Buyer In $24M Palm Beach Sale
200 Tradewind Drive
$24,000,000
$3,953/SF
Building Size
6,071 SF
Asset Type
Single Family Residence
Closing
Jan 23, 2025
About this deal
AI
The property asset involved in the transaction is a single-family home located at 200 Tradewind Drive in Palm Beach. The sale price was $24,000,000, and the property encompasses 6,071 square feet, resulting in a price per square foot of $3,953.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $24,000,000
- Address: 200 Tradewind Drive
- Market: Palm Beach
- Square Footage: 6,071
- Price per Square Foot: $3,953
- Buyer's Representative: Lawrence Moens - Lawrence A Moens Associates Inc
- Seller's Representative: Margit Brandt - Premier Estate Properties
The deal involved key participation from Lawrence Moens, representing the buyer, and Margit Brandt, who represented the seller in this transaction. Both representatives are affiliated with their respective agencies, facilitating the sale process in the Palm Beach market.
On the Map
$24,000,000
$3,953/SF
Single Family Residence
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Palm Beach 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93