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320 Island Road, Palm Beach...

James D. Berwind Sells Palm Beach SFR To Suzanne Frisbie For $26.2M
SOLDSingle Family Residence

James D. Berwind Sells Palm Beach SFR To Suzanne Frisbie For $26.2M

320 Island Road, Palm Beach, FL, USA

$26,151,000

$2,623/SF

Building Size

9,969 SF

Asset Type

Single Family Residence

Closing

Jan 7, 2021

AI

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.

Players

Cristina Condon

Sotheby's International Realty

Broker

$63.6M

vol

3 deals

Broker

West 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93