Five Girls Rule LLC Sells Palm Beach SFR For $21.75M With Buyer's Rep Kyle H. Kharman & Seller's Rep Christian Angle
624 Island Drive, Palm Beach, FL, USA
$21,750,000
$2,718/SF
Building Size
8,000 SF
Asset Type
Single Family Residence
Closing
Mar 7, 2021
AI
The single-family home located at 624 Island Drive in Palm Beach has been sold for a price of $21,750,000. The property, spanning 8,000 square feet, was acquired by a buyer represented by Kyle H. Kharman from Brown Harris Stevens. The seller, Five Girls Rule LLC, was represented by Christian Angle from Christian Angle Real Estate.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $21,750,000
- Address: 624 Island Drive, Palm Beach
- Market: Palm Beach
- Buyer's Representative: Kyle H. Kharman - Brown Harris Stevens
- Seller's Representative: Christian Angle - Christian Angle Real Estate
This successful transaction highlights the involvement of key individuals and companies. Kyle H. Kharman, representing the buyer, played a crucial role in negotiating and finalizing the deal. Christian Angle, acting on behalf of the seller, ensured a smooth transaction process. This sale demonstrates the strong real estate market in Palm Beach.
Players
Palm Beach 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93