Updated Oct 29, 2024
Diano-Smith LLC & Wilmington Trust Acquire Palm Beach Single Family For $5.7M
225 Arabian Rd, Palm Beach, FL 33480, USA
$5,700,000
$134/SF
Building Size
42,470 SF
Asset Type
Single Family Residence
Closing
Sep 9, 2020
About this deal
AI
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
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93