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229 Commodore Dr Jupiter, F...

Updated Nov 20, 2023

SOLDSingle Family Residence

Susan Janosky & Larry Hamelsky Acquire $16M Waterfront Home In Jupiter's Admirals Cove

229 Commodore Dr Jupiter, FL 33477, USA

$16,000,000

$2,539/SF

Building Size

6,300 SF

Asset Type

Single Family Residence

Closing

May 12, 2023

About this deal

AI

A waterfront home in Jupiter's Admirals Cove has been sold for $16 million. The property, located at 229 Commodore Drive, spans 0.6 acres and features a 6,300-square-foot house with four bedrooms, five bathrooms, a pool, and a dock. The sale was completed by Susan Janosky and Larry Hamelsky, Boston-based executives who purchased the property through their trust, 130 Waters Edge Realty Trust. It is worth noting that the trust also owns another property in Admirals Cove.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $16,000,000
  • Square Footage: 6,300
  • Price per Square Foot: $2,540
  • Address: 229 Commodore Drive
  • Market: Jupiter

Susan Janosky and Larry Hamelsky, through their trust 130 Waters Edge Realty Trust, have purchased the waterfront home located at 229 Commodore Drive in Jupiter's Admirals Cove. They acquired the 6,300-square-foot property from Joan Cramer for a total of $16 million. In addition to this purchase, the trust also owns another property within Admirals Cove.

Players

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.5K per square foot on a published $16M for 6,300 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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