Leslie Wexner Acquires Hobe Sound SFR From Kiki & Greg Norman
SOLD
$59,900,000
Florida
See Similar DealsSingle Family Residence26,234 SF
Sold 02/10/2021
SOLD
Leslie Wexner Acquires Hobe Sound SFR From Kiki & Greg Norman
382 South Beach Road, Hobe Sound, FL, USA
See Similar DealsSingle Family Residence26,234 SF
Sold 02/10/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,283
Total Square Footage:26,234 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$212,812.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$283,956.56
Annual Debt Service$3,407,478.71
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