Allison & Warren B. Kanders Acquire Palm Beach SFR From Jane & Jimmy Buffett
309 Garden Road, Palm Beach, FL, USA
$6,909,000
$1,444/SF
Building Size
4,783 SF
Asset Type
Single Family Residence
Closing
Nov 16, 2020
AI
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.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93