Ashley McIntosh & Christopher Leavitt Of Douglas Elliman Sell Single Family In Palm Beach For $11.5M
SOLD
$11,500,000
Florida
See Similar DealsSingle Family Residence14,810 SF
Sold 06/18/2024
SOLD
Ashley McIntosh & Christopher Leavitt Of Douglas Elliman Sell Single Family In Palm Beach For $11.5M
249 West Indies Drive
See Similar DealsSingle Family Residence14,810 SF
Sold 06/18/2024
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$776
Total Square Footage:14,810 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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