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Harry Mitchell Shaw Of S&W Ready Mix Acquires Single Family Home In Palm Beach For $6.7M

Property Image
SOLD
$6,700,000
Gary Pohrer
+ 2

Florida

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Single Family Residence2,864 SF
Sold 11/03/2022
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Property Image
SOLD

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

See Similar Deals
Single Family Residence2,864 SF
Sold 11/03/2022
Gary Pohrer
+ 2
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,339
Total Square Footage:2,864 SF
Transaction Type:Sale

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

Gary Pohrer
43 deals$1.1B volume(561) 262-0856
BROKER

Stephen Hall
Compass
8 deals$89.1M volume
BROKER


3 deals$26.8M volume
SELLER

Randall Smith
4 deals$32.8M volume
SELLER

Details

SOLD
IMAGE: Gary Pohrer & Stephen Hall DATE: 11/03/2022 ADDRESS: 286 Orange Grove Road MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Harry Mitchell Shaw - S&W Ready Mix (@SNW_ReadyMix); DeeDee Shaw SELLER: Barbara Stovall Smith; Randall Smith - Alden Global Capital BUYER'S REP: Stephen Hall (@Sdhjr1) - Compass Florida (@CompassFl) SELLER'S REP: Gary Pohrer (@GaryPohrer) - Douglas Elliman (@DouglasEllimanFlorida) (@DouglasElliman) SALE PRICE: $6,700,000 SF: 2,864 ~ PPSF: $2,339

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$357,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02