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2169 Driftwood Circle, Palm...

Frank Seminara Acquires Palm Beach Gardens Single Family Property On Driftwood Circle For $5.75M
SOLDSingle Family Residence

Frank Seminara Acquires Palm Beach Gardens Single Family Property On Driftwood Circle For $5.75M

2169 Driftwood Circle, Palm Beach Gardens, Florida 33410, United States

$5,750,000

$997/SF

Building Size

5,764 SF

Asset Type

Single Family Residence

Closing

Oct 13, 2022

AI

The recent sale of a single-family property in Palm Beach Gardens has caught the attention of real estate enthusiasts. Located at 2169 Driftwood Circle, this property boasts a generous land area of 0.3 acres. The transaction took place on October 14, 2022, and was facilitated by Billy Nash and Tony Hernandez.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $5,750,000
  • Square Footage: 5,764
  • Price per Square Foot: $998
  • Address: 2169 Driftwood Circle, Palm Beach Gardens

The buyer of this remarkable property is Frank Seminara, while the seller is Ronald C. Martin. Tony Hernandez, representing Illustrated Properties, played a crucial role as the buyer's representative during this transaction. On the other hand, Billy Nash, also from Illustrated Properties, acted as the seller's representative.

Players

Anthony Hernandez

Broker

$19.7M

vol

3 deals

Broker

West 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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93