Updated Sep 9, 2024
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
About this deal
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.
On the Map
$12,000,000
$2,666/SF
Single Family Residence
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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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93