Updated Nov 13, 2023
James G. Held Acquires Palm Beach Mansion From Richard C. Cowell Jr. And Christopher T. Cowell For $17.1M
240 El Vedado Road Palm Beach, Florida 33480, USA
$17,100,000
$2,192/SF
Building Size
7,800 SF
Asset Type
Single Family Residence
Closing
Jun 7, 2023
About this deal
AI
A retail executive turned real estate investor, James G. Held, has purchased the Palm Beach mansion of the Cowell family, former owners of Plymouth Oil Company, for $17.1 million. The property, located at 240 El Vedado Road, spans 0.6 acres and features a 7,800-square-foot single-family home. The transaction took place in the Palm Beach market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,100,000
- Address: 240 El Vedado Road
- Market: Palm Beach
- Acres: 0.6
The seller of the property, Richard C. Cowell Jr. and Christopher T. Cowell, finalized the deal with James G. Held. James G. Held is a respected retail executive who has ventured into real estate investment. The sale price for the mansion was $17.1 million, with the property spanning 7,800 square feet.
NOTE: Retail executive turned real estate investor, James G. Held have bought the Palm Beach mansion of the Cowell family, former owners of Plymouth Oil Company, for $17.1 million. The 7,800-square-foot property on El Vedado Road was sold by Richard C. Cowell Jr. and Christopher T. Cowell.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $17.1M for 7,800 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93