Updated Dec 21, 2023
Arty Langhaus Acquires 8,300 SF Single Family Property In Boca Raton For $25.8M
500 E Alexander Palm Rd. Boca Raton, FL 33432, USA
$25,800,000
$3,108/SF
Building Size
8,300 SF
Asset Type
Single Family Residence
Closing
Oct 19, 2022
About this deal
AI
The single-family property located at 500 East Alexander Palm Road in Boca Raton has been sold for a staggering price of $25,800,000. Spanning across 0.3 acres, this property offers a spacious living area of 8,300 square feet. The transaction took place on October 20, 2022, and was captured in an image by David Roberts.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $25,800,000
- Address: 500 East Alexander Palm Road, Boca Raton
- Market: Boca Raton
- Asset Type: Single Family
- Acres: 0.3
The buyer, Arty Langhaus, acquired this remarkable property from Dr. Steven Scott & Rebecca Scott. Representing the transaction was David Roberts from Royal Palm Properties, who facilitated the deal as the broker.
The property offers a stunning living space with a price per square foot of $3,108, reflecting its desirability within the market. This sale represents a significant transaction in the Boca Raton area, showcasing the continued strength of the real estate market in the region.
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.1K per square foot on a published $25.8M for 8,300 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93