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298 West Key Palm Road, Boc...

Updated Oct 29, 2024

Steven R. Dingle's SRD Building Corp. Acquires SFR In Boca Raton For $9.4M
SOLDSingle Family Residence

Steven R. Dingle's SRD Building Corp. Acquires SFR In Boca Raton For $9.4M

298 West Key Palm Road, Boca Raton, FL, USA

$9,425,000

$762/SF

Building Size

12,354 SF

Asset Type

Single Family Residence

Closing

Dec 21, 2020

About this deal

AI

The property involved in this transaction is a single-family residence located at 298 W. Key Palm Road in Boca Raton. The sale took place on December 22, 2020. The property spans 12,354 square feet and was sold for a price of $9,425,000, resulting in a price per square foot of $763. The buyer is Steven R. Dingle, representing SRD Building Corp., while the sellers are Siobhan Carty and Philip Marber. The transaction was facilitated by broker David W. Roberts from Royal Palm Properties.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $9,425,000
  • Address: 298 W. Key Palm Road, Boca Raton
  • Market: Boca Raton
  • Buyer: Steven R. Dingle - SRD Building Corp.
  • Seller: Siobhan Carty & Philip Marber
  • Broker: David W. Roberts - Royal Palm Properties
  • Square Footage: 12,354
  • Price per Square Foot: $763

Steven R. Dingle, representing SRD Building Corp., acquired the property from sellers Siobhan Carty and Philip Marber. The transaction was facilitated by broker David W. Roberts of Royal Palm Properties. This successful sale highlights the demand for high-value properties in Boca Raton's real estate market.

Players

David Roberts

Royal Palm Properties

Broker

$473.2M

vol

31 deals

Broker

Steven R. Dingle

SRD Building Corp.

Buyer

$41.9M

vol

3 deals

Buyer

Boca Raton Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $762 per square foot on a published $9.4M for 12,354 square feet (2020).

Visit David Roberts to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.68%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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