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235 Via Vizcaya, Palm Beach...

Steve Wynn Acquires SFR In Palm Beach For $18.4M With Broker Jim McCann
SOLDSingle Family Residence

Steve Wynn Acquires SFR In Palm Beach For $18.4M With Broker Jim McCann

235 Via Vizcaya, Palm Beach, FL, USA

$18,400,000

$2,529/SF

Building Size

7,273 SF

Asset Type

Single Family Residence

Closing

Dec 22, 2020

AI

Located at 235 Via Vizcaya in Palm Beach, this single-family residential (SFR) property was recently sold in a closed transaction. The property spans approximately 7,273 square feet and was purchased by Steve Wynn. The sale was facilitated by Jim McCann from Premier Estate Properties. The asking price for the property was $19,500,000, and it was eventually sold for $18,400,000, resulting in a price per square foot of $2,530.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $18,400,000
  • Property Address: 235 Via Vizcaya, Palm Beach
  • Market: Palm Beach
  • Buyer: Steve Wynn
  • Broker: Jim McCann - Premier Estate Properties
  • Asking Price: $19,500,000
  • Square Footage: 7,273 SF
  • Price per Square Foot: $2,530

Steve Wynn, a prominent buyer in the real estate market, acquired this impressive property through the representation of Jim McCann from Premier Estate Properties. The successful transaction took place on December 23, 2020, ensuring a seamless deal for all parties involved.

Players

James McCann

Premier Estate Properties

Broker

$541.1M

vol

22 deals

Broker
Steve Wynn

Steve Wynn

Wynn Resorts

Buyer

$213.1M

vol

6 deals

Buyer

Lake Worth 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93