Updated Oct 29, 2024
PB Island Dreams LLC Acquires Palm Beach Single Family Property For $41.7M
320 Island Road, Palm Beach, FL, USA
$41,712,000
$4,184/SF
Building Size
9,969 SF
Asset Type
Single Family Residence
Closing
May 5, 2020
About this deal
AI
A single-family property located at 320 Island Road in Palm Beach has been sold for a price of $41,712,000. The property spans 9,969 square feet, resulting in a price per square foot of $4,184. The transaction took place on May 5, 2021.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $41,712,000
- Address: 320 Island Road, Palm Beach
- Market: Palm Beach
The buyer, PB Island Dreams LLC, acquired the property from W. Allan Jones. The representation for the buyer was provided by Paulette & Dana Koch from The Corcoran Group, while the seller was represented by Suzanne Frisbie from Premier Estate Properties.
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93