Updated Dec 4, 2024
Ashley McIntosh & Christopher Leavitt Of Douglas Elliman Sell Single Family In Palm Beach For $11.5M
249 West Indies Drive
$11,500,000
$776/SF
Building Size
14,810 SF
Asset Type
Single Family Residence
Closing
Jun 18, 2024
About this deal
AI
The single-family property located at 249 West Indies Drive in Palm Beach was sold for $11,500,000. Spanning 14,810 square feet, the property was sold at a price per square foot of $777.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,500,000
- Address: 249 West Indies Drive
- Market: Palm Beach
- Seller's Representative: Ashley McIntosh & Christopher Leavitt - Douglas Elliman
- SF: 14,810
- PPSF: $777
Ashley McIntosh and Christopher Leavitt from Douglas Elliman represented the sellers in the transaction of the property at 249 West Indies Drive. Their expertise and negotiation skills played a crucial role in facilitating the successful sale of this Palm Beach property.
Players
Palm Beach 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93