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Lawrence Moens Of Lawrence A Moens Associates Inc Represents Buyer In $24M Palm Beach Sale

Property Image
SOLD
$24,000,000
Margit Brandt
LM

Florida

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Single Family Residence6,071 SF
Sold 01/23/2025
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Property Image
SOLD

Lawrence Moens Of Lawrence A Moens Associates Inc Represents Buyer In $24M Palm Beach Sale

200 Tradewind Drive

See Similar Deals
Single Family Residence6,071 SF
Sold 01/23/2025
Margit Brandt
LM
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,953
Total Square Footage:6,071 SF
Transaction Type:Sale

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.

Players

LM
Lawrence Moens
64 deals$2.4B volume(561) 655-5510
BROKER
Margit Brandt
Premier Estate Properties
Margit Brandt
53 deals$1.6B volume(561) 545-7386
BROKER

Details

SOLD
IMAGE: Margit Brandt DATE: 01/23/2025 ADDRESS: 200 Tradewind Drive MARKET: Palm Beach ASSET TYPE: Single Family BUYER'S REP: Lawrence Moens - Lawrence A Moens Associates Inc SELLER'S REP: Margit Brandt (@MargitBrandtpalmbeach) - Premier Estate Properties (@PremierEstateProperties) SALE PRICE: $24,000,000 SF: 6,071 ~ PPSF: $3,953

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

$1,279,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93