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Diano-Smith LLC & Wilmington Trust Acquire Palm Beach Single Family For $5.7M

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SOLD
$5,700,000

Florida

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Single Family Residence42,470 SF
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SOLD

Diano-Smith LLC & Wilmington Trust Acquire Palm Beach Single Family For $5.7M

225 Arabian Rd, Palm Beach, FL 33480, USA

See Similar Deals
Single Family Residence42,470 SF
Sold
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$134
Total Square Footage:42470 SF
Transaction Type:Sale

The property located at 225 Arabian Road in Palm Beach has been sold in a recent transaction. The single-family asset was sold for a price of $5,700,000. It spans across an area of 4,247 square feet, resulting in a price per square foot of $1,342.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $5,700,000
  • Address: 225 Arabian Road, Palm Beach
  • Market: Palm Beach

E. Llwyd Ecclestone III acted as the seller in this deal. On the other hand, the buyers were Diano-Smith LLC and Wilmington Trust. The transaction was facilitated by Patricia Dudan Ecclestone of The Corcoran Group.

Players

Patricia (Trician) Ecclestone
1 deal$5.7M volume
BROKER

Details

SOLD
IMAGE: E. Llwyd Ecclestone III & Patricia Dudan Ecclestone⁠ DATE: 09/10/2020⁠ ADDRESS: 225 Arabian Road⁠ MARKET: Palm Beach⁠ ASSET TYPE: Single Family⁠ PRICE: $5,700,000⁠ SF: 4,247⁠ PPSF: $1,342⁠ SELLER: E. Llwyd Ecclestone III⁠ BUYER: Diano-Smith LLC & Wilmington Trust⁠ BROKER: Patricia Dudan Ecclestone – The Corcoran Group⁠ –⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$304,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90