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212 Seaspray Avenue, Palm B...

Richard DeMartini Acquires Palm Beach SFR For $6.2M With Buyer's Rep Christian Angle
SOLDSingle Family Residence

Richard DeMartini Acquires Palm Beach SFR For $6.2M With Buyer's Rep Christian Angle

212 Seaspray Avenue, Palm Beach, FL, USA

$6,235,000

$1,513/SF

Building Size

4,119 SF

Asset Type

Single Family Residence

Closing

Dec 10, 2020

AI

A single-family residential property located at 212 Seaspray Avenue in Palm Beach was recently sold for $6,235,000. The property spans a total area of 4,119 square feet, resulting in a price per square foot of $1,627. The transaction took place on December 11, 2020. The seller of the property was Nick & Dee Adams, while the buyer was Richard DeMartini, represented by Crestview Partners. Christian Angle of Christian Angle Real Estate acted as the buyer's representative, while Bobby Goodnough and Raj Shrestha of Sotheby's International Realty represented the seller in the deal.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $6,235,000
  • Address: 212 Seaspray Avenue, Palm Beach
  • Market: Palm Beach
  • Buyer: Richard DeMartini - Crestview Partners
  • Seller: Nick & Dee Adams
  • Buyer's Representative: Christian Angle - Christian Angle Real Estate
  • Seller's Representatives: Bobby Goodnough & Raj Shrestha - Sotheby's International Realty
  • Square Footage: 4,119
  • Price Per Square Foot: $1,627

The successful sale of the property involved notable individuals such as Richard DeMartini, who represented Crestview Partners as the buyer. Christian Angle, a real estate professional from Christian Angle Real Estate, provided representation for Richard DeMartini in the deal. Bobby Goodnough and Raj Shrestha, both affiliated with Sotheby's International Realty, acted as the seller's representatives in the transaction.

Players

Christian Angle

Christian Angle Real Estate

Broker

$2.8B

vol

101 deals

Broker

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

2.54%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93