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Compass Florida LLC Sells Palm Beach SFR For $8.3M With Buyer's Rep Premier Estate Properties

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SOLD
$8,325,000

Florida

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Single Family Residence8,016 SF
Sold 08/03/2020
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SOLD

Compass Florida LLC Sells Palm Beach SFR For $8.3M With Buyer's Rep Premier Estate Properties

350 Indian Road, Palm Beach, FL, USA

See Similar Deals
Single Family Residence8,016 SF
Sold 08/03/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,038
Total Square Footage:8,016 SF
Transaction Type:Sale

The property at 350 Indian Road in Palm Beach was recently sold for $8,325,000. The single-family residence (SFR) spans 8,016 square feet, resulting in a price per square foot (PPSF) of $1,039. The sale took place on August 3, 2020.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $8,325,000
  • Address: 350 Indian Road
  • Market: Palm Beach

The seller's representative in this transaction was Stephen Hall from Compass Florida LLC. On the other side, the buyer was represented by Suzanne Trapani Frisbie from Premier Estate Properties.

Players

Suzanne Frisbie
47 deals$1.4B volume
BROKER

Stephen Hall
Compass
8 deals$89.1M volume
BROKER

Details

SOLD
IMAGE: Stephen Hall⁠ DATE: 08/03/2020⁠ ADDRESS: 350 Indian Road⁠ MARKET: Palm Beach⁠ ASSET TYPE: SFR⁠ SELLER'S REP: Stephen Hall - Compass Florida LLC⁠ BUYER'S REP: Suzanne Trapani Frisbie - Premier Estate Properties PRICE: $8,325,000⁠ SF: 8,016⁠ ~ PPSF: $1,039

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,576.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,464.75
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