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
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