facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

624 Island Drive, Palm Beac...

Five Girls Rule LLC Sells Palm Beach SFR For $21.75M With Buyer's Rep Kyle H. Kharman & Seller's Rep Christian Angle
SOLDSingle Family Residence

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

Christian Angle

Christian Angle Real Estate

Broker

$2.8B

vol

101 deals

Broker

Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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