Updated Oct 29, 2024
Society Of The Four Arts Acquires SFR In Palm Beach For $9.4M
434 Seaspray Ave, Palm Beach, FL 33480, USA
$9,400,000
$1,518/SF
Building Size
6,191 SF
Asset Type
Single Family Residence
Closing
May 6, 2020
About this deal
AI
Located at 434 Seaspray Avenue in the Palm Beach market, this single-family residential property was recently sold in a closed transaction. The property, which features a total of 6,191 square feet, was purchased by the Society of the Four Arts from Seaspray Owner LLC – Brian Kelly for a total price of $9,400,000. The purchase price translates to a price per square foot of $1,518.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,400,000
- SF: 6,191
- PPSF: $1,518
- Address: 434 Seaspray Avenue
- Market: Palm Beach
In this transaction, the buyer, the Society of the Four Arts, was represented by Suzanne Trapani-Frisbie from Premier Estate Properties. On the other hand, the seller, Seaspray Owner LLC – Brian Kelly, was represented by Christian Angle from Christian Angle Real Estate. These key individuals and companies played crucial roles in the successful completion of the deal.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $9.4M for 6,191 square feet (2020).
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93