Updated Sep 5, 2024
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
About this deal
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
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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