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240 Clarke Ave, Palm Beach,...

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

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

Christian Angle

Christian Angle Real Estate

Broker

$2.7B

vol

99 deals

Broker

Michael J. Cantanucci

Seller

$242.5M

vol

3 deals

Seller

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