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Kimberly & Michael Cantanucci Sell Palm Beach Home For $32.375M

Property Image
SOLD
$32,375,000
Christian Angle
MC
KC

Florida

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Single Family Residence7,140 SF
Sold 07/17/2023
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Property Image
SOLD

Kimberly & Michael Cantanucci Sell Palm Beach Home For $32.375M

240 Clarke Ave, Palm Beach, FL 33480

See Similar Deals
Single Family Residence7,140 SF
Sold 07/17/2023
Christian Angle
MC
KC
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,534
Total Square Footage:7,140 SF
Transaction Type:Sale

Luxury car dealer Michael Cantanucci and his wife, Kimberly, have sold their Palm Beach home for $32.375 million. The 7,140 square foot single-family residence, located at 240 Clarke Avenue, was sold at a price-per-square-foot of $4,534. The property is situated in the prestigious Palm Beach market.

Summary of transaction details

  • Property Type: SFR
  • Sale Price: $32,375,000
  • Square Footage: 7,140
  • Price Per Square Foot: $4,534
  • Address: 240 Clarke Avenue, Palm Beach

The sale of the Cantanucci's Palm Beach home was facilitated by the real estate services of Christian Angle, a representative from Christian Angle Real Estate. Angle played a crucial role in ensuring the successful completion of the transaction.

Players

Christian Angle
Christian Angle Real Estate
Christian Angle
98 deals$2.7B volume(561) 659-6551
BROKER
MC
Michael J. Cantanucci
3 deals$242.5M volume
SELLER
KC
Kimberly Cantanucci
2 deals$72.5M volume
SELLER

Details

SOLD
IMAGE: Christian Angle DATE: 07/17/2023 ADDRESS: 240 Clarke Avenue MARKET: Palm Beach ASSET TYPE: SFR SELLER: Kimberly & Michael Cantanucci BROKER: Christian Angle - Christian Angle Real Estate SALE PRICE: $32,375,000 SF: 7,140 ~ PPSF: $4,534 NOTE: Luxury car dealer Michael Cantanucci and his wife, Kimberly, have sold their Palm Beach home for $32.375 million. The sale comes after their notable purchase of a North End oceanfront mansion for approximately $170 million, setting a sales record in Palm Beach.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$1,726,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$115,021.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$153,474.02
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