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
Longboat Key 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93