Updated Oct 28, 2024
Sharon Gibbs And David Gibbs Acquire Single Family Home In Gulf Stream For $8.5M
550 Middle Road, Gulf Stream, FL, USA
$8,500,000
$1,327/SF
Building Size
6,401 SF
Asset Type
Single Family Residence
Closing
Jun 2, 2020
About this deal
AI
A single-family home located at 550 Middle Road in Gulf Stream has been sold for $8,500,000. The property spans 6,401 square feet, resulting in a price per square foot of $1,328. The transaction took place on June 2, 2021.
Summary of transaction details:
- Property Type: Single Family
- Sale Price: $8,500,000
- Square Footage: 6,401
- Price per Square Foot: $1,328
- Address: 550 Middle Road
- Market: Gulf Stream
The buyer of the property was Sharon Gibbs, along with David Gibbs from Yum! The seller of the property was Patricia Moran from JM Family Enterprises.
Players
Delray Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $8.5M for 6,401 square feet (2020).
Browse Delray Beach single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93