Updated Sep 5, 2024
Daniel Edwards Acquires Delray Beach SFR For $22M With Buyer's Rep Ivana Shoultz & Diana Varhley
553 Harbor Court
$22,000,000
$1,834/SF
Building Size
11,993 SF
Asset Type
Single Family Residence
Closing
Feb 1, 2023
About this deal
AI
A single-family residential property located at 553 Harbor Court in Delray Beach has been sold. The property spans 11,993 square feet and was sold for $22,000,000, resulting in a price per square foot of $1,834.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $22,000,000
- Address: 553 Harbor Court, Delray Beach
- Market: Delray Beach
The buyer of the property is Daniel Edwards, while the seller is Michelle Broda. The buyer was represented by Ivana Shoultz and Diana Varhley from Beachfront Properties Real Estate. Warren Heeg from Compass Florida served as the seller's representative.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $22M for 11,993 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93