Updated Dec 20, 2023
Leslie Wexner Acquires Hobe Sound SFR From Kiki & Greg Norman
382 South Beach Road, Hobe Sound, FL, USA
$59,900,000
$2,283/SF
Building Size
26,234 SF
Asset Type
Single Family Residence
Closing
Feb 9, 2021
About this deal
AI
A residential property located at 382 South Beach Road in Hobe Sound has been sold for a staggering price of $59,900,000. The property spans an impressive 26,234 square feet, resulting in a price per square foot of $2,283. The transaction took place on February 10, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $59,900,000
- Address: 382 South Beach Road, Hobe Sound
- Market: Hobe Sound
The buyer of this magnificent property is Leslie Wexner, while the sellers are Kiki and Greg Norman. The deal was facilitated by two brokers, Jill Hertzberg representing The Jills Zeder Group, and Michelle Thomson from Coldwell Banker. These esteemed individuals played crucial roles in ensuring the smooth transaction of the property.
Players
Hobe Sound Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $59.9M for 26,234 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93