Harry Mitchell Shaw Of S&W Ready Mix Acquires Single Family Home In Palm Beach For $6.7M
286 Orange Grove Road, Palm Beach, Florida 33480, United States
$6,700,000
$2,339/SF
Building Size
2,864 SF
Asset Type
Single Family Residence
Closing
Nov 2, 2022
AI
The single-family property located at 286 Orange Grove Road in Palm Beach has been sold for a price of $6,700,000. The property consists of 2,864 square feet, resulting in a price per square foot of $2,339. The transaction was completed on November 3, 2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,700,000
- Address: 286 Orange Grove Road, Palm Beach
- Market: Palm Beach
Harry Mitchell Shaw, representing S&W Ready Mix, and DeeDee Shaw purchased the property. They were assisted by their buyer's representative, Stephen Hall from Compass Florida. The sellers were Barbara Stovall Smith and Randall Smith, represented by Gary Pohrer from Douglas Elliman.
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93