Kimberly & Michael Cantanucci Sell Palm Beach Home For $32.375M
240 Clarke Ave, Palm Beach, FL 33480
$32,375,000
$4,534/SF
Building Size
7,140 SF
Asset Type
Single Family Residence
Closing
Jul 17, 2023
AI
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
Miami 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93