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
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