Adrian Reed's Fenton & Lang Sells Hobe Sound SFR For $12M
255 South Beach Road, Hobe Sound, FL, USA & 255 South Beach Road, Hobe Sound, FL, USA
$12,000,000
$640/SF
Building Size
18,750 SF
Asset Type
Single Family Residence
Closing
Nov 16, 2020
AI
Located at 255 S. Beach Road in Hobe Sound, this single-family residence was recently sold. The transaction took place on November 17, 2020, and the sale was facilitated by Adrian Reed from Fenton & Lang. The property is situated in a desirable area, offering stunning views and a prime location.
Summary of Transaction Details:
- Property Type: Single-Family Residence
- Transaction Amount: $12,000,000
- Square Footage: 9,375
- Price per Square Foot: $1,280
- Address: 255 S. Beach Road, Hobe Sound
This transaction involved Adrian Reed from Fenton & Lang acting as the broker. The property offers spacious living with its 9,375 square feet of space. The sale price reached $12,000,000, reflecting a price per square foot of $1,280. The location of this property provides easy access to the beach, making it a desirable investment for buyers seeking both luxury and convenience.
Players
Hobe Sound 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93