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550 Harbor Point Road, Long...

Janet & Steve Walter Acquires Single Family & Penthouse In Longboat Key For $18.2M
SOLDSingle Family Residence

Janet & Steve Walter Acquires Single Family & Penthouse In Longboat Key For $18.2M

550 Harbor Point Road, Longboat Key, Florida 34228, United States

$18,200,000

$1,516,666/SF

Building Size

12 SF

Asset Type

Single Family Residence

Closing

Jul 12, 2022

AI

The sale of a single family home and penthouse in Longboat Key has been completed. The property is located at 550 Harbor Point Road and 2161 Gulf of Mexico Drive. The transaction took place on December 7, 2022, and the sale price was $18,200,000. The total square footage of the property is 12,052, resulting in a price per square foot of $1,510. The buyer was represented by Janet & Steve Walter from The Walter Group at Michael Saunders & Co. On the other hand, Jenifer Schwell-Chaplin from Michael Saunders & Co. and Bruce Myer from Coldwell Banker Realty represented the seller.

Summary of transaction details:

  • Property Type: Single Family & Penthouse
  • Transaction Amount: $18,200,000
  • Address: 550 Harbor Point Road & 2161 Gulf of Mexico Drive
  • Market: Longboat Key
  • Buyer's Representative: Janet & Steve Walter - The Walter Group - Michael Saunders & Co
  • Seller's Representatives: Jenifer Schwell-Chaplin - Michael Saunders & Co.; Bruce Myer - Coldwell Banker Realty

The completed transaction showcases the collaboration between The Walter Group at Michael Saunders & Co and Coldwell Banker Realty, represented by Janet & Steve Walter and Bruce Myer respectively. The successful sale of this property highlights the expertise of these professionals in the real estate market.

Players

Janet Walter

Michael Saunders & Company

Broker

$18.2M

vol

1 deal

Broker

Longboat Key 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

0.87%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93