Updated Oct 28, 2024
James West Capital Acquires Single Family Property In Jupiter For $14.1M With Berkshire Hathaway HomeServices' Reps
488 South Beach Road, Jupiter, Florida 33469, United States
$14,100,000
$2,605/SF
Building Size
5,411 SF
Asset Type
Single Family Residence
Closing
Feb 15, 2022
About this deal
AI
The recently closed property transaction in Jupiter involved a single-family property located at 488 South Beach Road. This property sits on 1.4 acres of land and spans a total of 5,411 square feet. The transaction took place on February 16, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $14,100,000
- Address: 488 South Beach Road, Jupiter
- Square Footage: 5,411
- Market: Jupiter
The buyer of the property is Mike Bermes, representing James West Capital. On the other hand, Jennifer and George Banks were the sellers. Kevin Dickenson, from Berkshire Hathaway HomeServices Florida Realty, served as the buyer's representative in the deal, while Leila Kallop, from Fenton & Lang, represented the sellers.
The price per square foot for this transaction was $2,606.
On the Map
$14,100,000
$2,605/SF
Single Family Residence
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Players
Jupiter 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93