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220 Brazilian Avenue

Douglas Elliman Represents $12M SFR Sale In Palm Beach
SOLDSingle Family Residence

Douglas Elliman Represents $12M SFR Sale In Palm Beach

220 Brazilian Avenue

$12,000,000

$2,666/SF

Building Size

4,500 SF

Asset Type

Single Family Residence

Closing

Feb 6, 2023

AI

The recently closed property transaction in Palm Beach involved the sale of a Single Family Residence (SFR) located at 220 Brazilian Avenue. The property was sold for a total price of $12,000,000. With a size of approximately 4,500 square feet, the sale price per square foot amounted to $2,667. This high-end property showcases luxurious features and amenities, reflecting the upscale nature of the Palm Beach market.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $12,000,000
  • Size: 4,500 square feet
  • Price Per Square Foot: $2,667
  • Address: 220 Brazilian Avenue
  • Market: Palm Beach

The purchase was facilitated by Chris Leavitt of Douglas Elliman, representing the buyer. Similarly, Adam McPherson of Douglas Elliman acted as the seller's representative in the transaction. Their expertise and knowledge in the Palm Beach market was instrumental in closing this successful deal. The involvement of these experienced professionals ensured a smooth and efficient transaction for all parties involved.

Players

Christopher Leavitt

Douglas Elliman

Broker

$1.3B

vol

51 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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93