The Trust Of Stephen And Joy Hall Acquires SFR From Jason And Natasha Rawding - Le Macaron On Ibis Isle Road In Palm Beach, Miami
SOLD
$6,800,000
Florida
See Similar DealsSingle Family Residence5,076 SF
Sold 04/01/2019
SOLD
The Trust Of Stephen And Joy Hall Acquires SFR From Jason And Natasha Rawding - Le Macaron On Ibis Isle Road In Palm Beach, Miami
2299 Ibis Isle Road West, Palm Beach, FL, USA
See Similar DealsSingle Family Residence5,076 SF
Sold 04/01/2019
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,339
Total Square Footage:5,076 SF
Transaction Type:Sale
The property at 2299 Ibis Isle Road in Palm Beach, Miami has been sold. The sale was completed on April 1, 2019. The property is a single-family home with six bedrooms and six bathrooms. It also features 315 feet of total water frontage, a guest house, and a boat lift.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: Not specified
- Buyer: The trust of Stephen and Joy Hall
- Seller: Jason and Natasha Rawding - Le Macaron
- Market: Palm Beach
- City: Miami
The Rawdings, who own Le Macaron, acquired the property in 2017 and built the home in 2018.
Details
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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