Vernon & Shirley Hill Acquire SFR In South Palm Beach For $10.1M
3492 S Ocean Blvd, South Palm Beach, FL 33480, USA
$10,100,000
$1,867/SF
Building Size
5,408 SF
Asset Type
Single Family Residence
Closing
Jul 9, 2020
AI
A single-family residential property located at 3492 South Ocean Boulevard in South Palm Beach has been sold for $10,100,000. The property spans 5,408 square feet, resulting in a price per square foot of $1,867.
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $10,100,000
- Address: 3492 South Ocean Boulevard
- Market: South Palm Beach
The buyer of the property is Vernon & Shirley Hill, while the seller is Frank McKinney. The transaction was facilitated by broker Steven Presson from The Corcoran Group.
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93