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Buckhead Development LLC Acquires Palm Beach Single Family For $6.2M

Property Image
SOLD
$6,200,000

Florida

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Single Family Residence2,263 SF
Sold 02/01/2022
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Property Image
SOLD

Buckhead Development LLC Acquires Palm Beach Single Family For $6.2M

257 Fairview Road, Palm Beach, Florida 33480, United States

See Similar Deals
Single Family Residence2,263 SF
Sold 02/01/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,739
Total Square Footage:2,263 SF
Transaction Type:Sale

Located at 257 Fairview Road in Palm Beach, this single-family property was recently sold for a price of $6,200,000. Spanning 2,263 square feet, the home offers a price per square foot of $2,740. The transaction took place on February 1, 2022.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $6,200,000
  • Address: 257 Fairview Road
  • Market: Palm Beach

The buyer of the property is Buckhead Development LLC, while the seller is M2B Properties LLC, represented by Mary Frances Garrett and Tom Garrett of GPS Hospitality. Elizabeth DeWoody from Compass served as the broker for this transaction.

Players

Elizabeth DeWoody
Compass
Elizabeth DeWoody
9 deals$120.9M volume
BROKER

Details

SOLD
IMAGE: Elizabeth DeWoody, Tom Garrett & Mary Frances Garrett DATE: 02/01/2022 ADDRESS: 257 Fairview Road MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Buckhead Development LLC SELLER: M2B Properties LLC - Mary Frances Garrett; Tom Garrett - GPS Hospitality BROKER: Elizabeth DeWoody - Compass SALE PRICE: $6,200,000 SF: 2,263 ~ PPSF: $2,740

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
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