Premier Estate Properties Sells Palm Beach Single Family Home For $23.8M
304 Garden Road, Palm Beach, FL, USA
$23,788,000
$3,094/SF
Building Size
7,688 SF
Asset Type
Single Family Residence
Closing
May 6, 2021
AI
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.
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93