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101 Gulfstream Road, Palm B...

Alice Sanders And Lewis “Lew” Sanders Acquire Single Family Property In Palm Beach For $26.7M
SOLDSingle Family Residence

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

Steven Hudson

Seller

$78.9M

vol

6 deals

Seller

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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