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382 South Beach Road, Hobe ...

Leslie Wexner Acquires Hobe Sound SFR From Kiki & Greg Norman
SOLDSingle Family Residence

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

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

Jill Hertzberg

Coldwell Banker

Broker

$2.4B

vol

92 deals

Broker

Greg Norman

Seller

$72.1M

vol

2 deals

Seller

Hobe Sound Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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