Updated Sep 5, 2024
Margit Brandt Sells SFR On Palm Beach Island For $22.5M
365 North County Road, Palm Beach, Florida 33480, United States
$22,500,000
$3,144/SF
Building Size
7,156 SF
Asset Type
Single Family Residence
Closing
Jan 30, 2022
About this deal
AI
This Palm Beach Island property was recently sold in a closed transaction. The single-family home, located at 365 N County Road, offers a total of 7,156 square feet of living space. The transaction took place on January 31, 2022, with a sale price of $22,500,000. This amounts to a price per square foot of $3,144. The property is located in the vibrant market of Palm Beach, Florida.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $22,500,000
- Address: 365 N County Road
- Square Footage: 7,156
- Price per Square Foot: $3,144
- Market: Palm Beach Island, Palm Beach
The buyer was represented by Christian Angle from Christian Angle Real Estate, while Margit Brandt from Compass served as the seller's representative in the transaction. This successful sale showcases the expertise and professionalism of these real estate agents in the Palm Beach market.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.1K per square foot on a published $22.5M for 7,156 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93