Alice Sanders And Lewis “Lew” Sanders Acquire Single Family Property In Palm Beach For $26.7M
101 Gulfstream Road, Palm Beach, Florida 33480, United States
$23,850,000
$4,591/SF
Building Size
5,194 SF
Asset Type
Single Family Residence
Closing
May 19, 1922
AI
The single-family property located at 466 S. Ocean Blvd in Palm Beach has been sold for a total price of $26,663,000. The property spans across 8,319 square feet, resulting in a price per square foot of $3,205. The transaction took place on January 13, 2023, and involved the buyer, Alice Sanders, who was represented by Kevin Condon from Sotheby's International Realty, Inc. The seller, Steven Hudson, was represented by Christopher Leavitt from Douglas Elliman. The buyer, Alice Sanders, is associated with Sanders Capital LLC, while the seller, Steven Hudson, is affiliated with ECN Capital.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $26,663,000
- Address: 466 S. Ocean Blvd, Palm Beach
- Market: Palm Beach
- Buyer: Alice Sanders - Sanders Capital LLC
- Seller: Steven Hudson - ECN Capital
- Buyer's Representative: Kevin Condon - Sotheby's International Realty, Inc.
- Seller's Representative: Christopher Leavitt - Douglas Elliman
The sale of the property was facilitated by the efforts of Kevin Condon from Sotheby's International Realty, Inc., who represented the buyer, Alice Sanders. Christopher Leavitt from Douglas Elliman acted as the seller's representative, assisting Steven Hudson throughout the transaction. This transaction highlights the involvement of key individuals and companies, contributing to the successful completion of the sale.
Players
Palm Beach 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93