Premier Estate Properties Sells Palm Beach Single Family Home For $23.8M
SOLD
$23,788,000
Florida
See Similar DealsSingle Family Residence7,688 SF
Sold 05/07/2021
SOLD
Premier Estate Properties Sells Palm Beach Single Family Home For $23.8M
304 Garden Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence7,688 SF
Sold 05/07/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,094
Total Square Footage:7,688 SF
Transaction Type:Sale
The single-family property located at 304 Garden Road in Palm Beach has been sold in a recent transaction. The property encompasses 7,688 square feet and was sold for a total price of $23,788,000, resulting in a price per square foot of $3,094.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $23,788,000
- Address: 304 Garden Road, Palm Beach
- Market: Palm Beach
The seller of the property was Peter and Julie Fisher Cummings. Representing the buyer in this transaction was Christian Angle from Christian Angle Real Estate. Jim McCann, from Premier Estate Properties, acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,268,693.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,513.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,767.26
Annual Debt Service$1,353,207.07
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