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488 South Beach Road, Jupit...

James West Capital Acquires Single Family Property In Jupiter For $14.1M With Berkshire Hathaway HomeServices' Reps
SOLDSingle Family Residence

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

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.

Players

Kevin Dickenson

Berkshire Hathaway HomeServices

Broker

$31.5M

vol

3 deals

Broker

Jupiter 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93