Vincent Spadea Of Douglas Elliman Represents Buyer In $13M Boca Raton Single Family Sale
484 Royal Palm Way
$13,000,000
$1,570/SF
Building Size
8,278 SF
Asset Type
Single Family Residence
Closing
Dec 6, 2024
AI
The property asset involved in this transaction is a single-family home located at 484 Royal Palm Way in the Boca Raton market. The sale price was $13,000,000, and the property comprises 8,278 square feet, resulting in a price per square foot of $1,570.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,000,000
- Address: 484 Royal Palm Way
- Market: Boca Raton
- Square Footage: 8,278
- Price Per Square Foot: $1,570
- Buyer's Representative: Vincent Spadea - Douglas Elliman
- Seller's Representative: Dave Roberts
This transaction involved Vincent Spadea, representing the buyer, and Dave Roberts, representing the seller. The deal showcases the professional representation behind the transaction, ensuring both parties were adequately supported throughout the process.
Boca Raton 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93