Mark Pulte's Palm Beach SFR Sold For $33.2M With Lawrence Moens As The Broker
SOLD
Florida
See Similar DealsSingle Family Residence13,451 SF
Sold 05/01/2020
SOLD
Mark Pulte's Palm Beach SFR Sold For $33.2M With Lawrence Moens As The Broker
446 N Lake Way, Palm Beach, FL 33480, USA
See Similar DealsSingle Family Residence13,451 SF
Sold 05/01/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,468
Total Square Footage:13,451 SF
Transaction Type:Sale
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $33,200,000
- Square Footage: 13,451
- Price per Square Foot: $2,468
- Address: 446 North Lake Way, Palm Beach
446 North Lake Way, located in Palm Beach, is a single-family residential property that was recently sold for a transaction amount of $33,200,000. Spanning across a total of 13,451 square feet, this property was valued at an average price per square foot of $2,468.
The seller of 446 North Lake Way was 446 North Lake Way LLC, represented by Mark Pulte. The transaction was facilitated by Lawrence Moens from Lawrence A. Moens Associates, who acted as the broker in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,770,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,952.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$157,384.94
Annual Debt Service$1,888,619.25
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