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255 South Beach Road, Hobe ...

Adrian Reed's Fenton & Lang Sells Hobe Sound SFR For $12M
SOLDSingle Family Residence

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

Adrian Reed

Broker

$21.8M

vol

2 deals

Broker

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