Allison & Warren B. Kanders Acquire Palm Beach SFR From Jane & Jimmy Buffett
SOLD
$6,909,000
Florida
See Similar DealsSingle Family Residence4,783 SF
Sold 11/17/2020
SOLD
Allison & Warren B. Kanders Acquire Palm Beach SFR From Jane & Jimmy Buffett
309 Garden Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence4,783 SF
Sold 11/17/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,444
Total Square Footage:4,783 SF
Transaction Type:Sale
A single-family residential property located at 309 Garden Road in Palm Beach was recently sold for a price of $6,909,000. The property spans 4,783 square feet, resulting in a price per square foot of $1,443.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,909,000
- Address: 309 Garden Road, Palm Beach
- Market: Palm Beach
The buyers of the property are Allison and Warren B. Kanders, while the sellers are Jane and Jimmy Buffett. Christian Angle from Christian Angle Real Estate represented the buyers in the deal, and Denise A. Hanley from Denise A. Hanley Inc. represented the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$368,479.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,546.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,752.18
Annual Debt Service$393,026.22
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