Updated Feb 16, 2024
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
About this deal
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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Deal FAQ
About $2.6K per square foot on a published $26.2M for 9,969 square feet (2021).
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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