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

Property Image
SOLD
$18,200,000
Jenifer Schwell-Chaplin
Janet Walter
+ 1

Florida

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Single Family Residence12 SF
Sold 07/12/2022
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Property Image
SOLD

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

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

See Similar Deals
Single Family Residence12 SF
Sold 07/12/2022
Jenifer Schwell-Chaplin
Janet Walter
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,516,666
Total Square Footage:12 SF
Transaction Type:Sale

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
1 deal$18.2M volume(941) 809-0907
BROKER

Steve Walter
Michael Saunders & Company
1 deal$18.2M volume(941) 809-0907
BROKER

Jenifer Schwell-Chaplin
Michael Saunders & Company
1 deal$18.2M volume(941) 780-0968
BROKER

Bruce Myer
Coldwell Banker
1 deal$18.2M volume(941) 376-5311
BROKER

Details

SOLD
IMAGE: Steve Walter & Bruce Myer DATE: 12/07/2022 ADDRESS: 550 Harbor Point Road & 2161 Gulf of Mexico Drive MARKET: Longboat Key ASSET TYPE: Single Family & Penthouse BUYER'S REP: Janet & Steve Walter - The Walter Group (@WalterGroupRealEstate) - Michael Saunders & Co (@MichaelSaundersRE) SELLER'S REP: Jenifer Schwell-Chaplin (@SchwellChaplin) - Michael Saunders & Co.; Bruce Myer (@BruceMyerRealtor) - Coldwell Banker Realty (@ColdwellBanker_Miami) SALE PRICE: $18,200,000 SF: 12,052 ~ PPSF: $1,510

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$970,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42