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310 E Alexander Palm Rd Boc...

Skyline Stewardship Realty Trust Acquires Boca Raton Mansion For $15 Million
SOLDSingle Family Residence

Skyline Stewardship Realty Trust Acquires Boca Raton Mansion For $15 Million

310 E Alexander Palm Rd Boca Raton, FL 33432, USA

$15,000,000

$1,798/SF

Building Size

8,341 SF

Asset Type

Single Family Residence

Closing

Jul 3, 2023

AI

A Boca Raton mansion owned by Byron G. Haseotes Jr., heir to Cumberland Farms, has been sold for $15 million. The property, located at 310 East Alexander Palm Road in the Royal Palm Yacht & Country Club, spans 0.34 acres and features an 8,341-square-foot living space. The luxurious mansion consists of six bedrooms, a pool, and other upscale amenities.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $15,000,000
  • Market: Boca Raton
  • Square Footage: 8,341 SF

The buyer of the property is Skyline Stewardship Realty Trust, with Daniel P. Carbonneau serving as the trustee. Representing the buyer's interests, Scott Eckert from RPE Realty was involved in the transaction. On the other side, the seller was represented by Jonathan Postma from Coldwell Banker Realty.

It's worth mentioning that this stunning mansion in Boca Raton's Royal Palm Yacht & Country Club was sold for a significant amount, reflecting its exceptional features and prime location.

Players

Jonathan Postma

Coldwell Banker

Broker

$334.3M

vol

15 deals

Broker

Daniel P. Carbonneau

Buyer

$22.1M

vol

2 deals

Buyer

Miami 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93