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
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