201 Ocean Terrace SFR In Palm Beach Sold By Carl Hj. Asplundh Jr. For $7.95M
201 Ocean Terrace, Palm Beach, FL, USA
$7,950,000
$1,827/SF
Building Size
4,350 SF
Asset Type
Single Family Residence
Closing
Feb 15, 2021
AI
201 Ocean Terrace in Palm Beach has been sold for a price of $7,950,000. The single-family residential property spans over 4,350 square feet, resulting in a price per square foot of $1,828. The transaction took place on February 16, 2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,950,000
- Address: 201 Ocean Terrace, Palm Beach
- Market: Palm Beach
- Buyer: 201 Ocean Terrace LLC
- Seller: Carl Hj. Asplundh Jr.
- Buyer's Representative: Crista Ryan - Tina Fanjul Associates
- Seller's Representative: Jim McCann - Premier Estate Properties
- Square Footage: 4,350
- Price per Square Foot: $1,828
Crista Ryan of Tina Fanjul Associates represented the buyer, 201 Ocean Terrace LLC, in this transaction. Jim McCann of Premier Estate Properties acted as the seller's representative. The sale of this property marks a significant transaction in the Palm Beach market.
Players
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
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93