Buckhead Development LLC Acquires Palm Beach Single Family For $6.2M
257 Fairview Road, Palm Beach, Florida 33480, United States
$6,200,000
$2,739/SF
Building Size
2,263 SF
Asset Type
Single Family Residence
Closing
Jan 31, 2022
AI
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
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93