James D. Berwind Sells Palm Beach SFR To Suzanne Frisbie For $26.2M
SOLD
$26,151,000
+ 1
Florida
See Similar DealsSingle Family Residence9,969 SF
Sold 01/08/2021
SOLD
James D. Berwind Sells Palm Beach SFR To Suzanne Frisbie For $26.2M
320 Island Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence9,969 SF
Sold 01/08/2021
+ 1
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,623
Total Square Footage:9,969 SF
Transaction Type:Sale
Located in Palm Beach, the property at 320 Island Road recently changed ownership in a sale transaction. The Single-Family Residence (SFR) spans across an area of approximately 7,526 square feet, offering a spacious living environment for its residents. The property was sold for a total price of $26,151,000, resulting in an average price per square foot of $3,475. It is a noteworthy addition to the Palm Beach real estate market.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $26,151,000
- Address: 320 Island Road, Palm Beach
- Market: Palm Beach
In this transaction, James D. Berwind served as the seller. Representing the buyer was Suzanne Frisbie, an agent from Premier Estate Properties. Cristina Condon, a representative from Sotheby's International Realty, acted on behalf of the seller. Their expertise and assistance played a crucial role in facilitating the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,394,719.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,908.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,969.08
Annual Debt Service$1,487,628.98
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