Updated Dec 19, 2023
Darren Weiner's Celebrity Advisors LLC Sells Palm Beach Single Family Property For $31.25M
640 Island Drive, Palm Beach, Florida 33480, United States
$31,250,000
$4,718/SF
Building Size
6,623 SF
Asset Type
Single Family Residence
Closing
May 31, 2022
About this deal
AI
A single-family home located at 640 Island Dr in Palm Beach has been sold. The property spans 6,623 square feet and was sold for $31,250,000, resulting in a price per square foot of $4,718. The transaction took place on June 1, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $31,250,000
- Address: 640 Island Dr
- Market: Palm Beach
- Broker: Darren Weiner - Celebrity Advisors LLC
Representing the transaction was broker Darren Weiner from Celebrity Advisors LLC.
The single family residence sale at 640 Island Drive, Palm Beach, Florida 33480, United States in Palm Beach, Florida sold for $31.3M in 2022. The building is 6,623 square feet, implying about 4.7K per square foot on the published price. Named participants on the 640 Island Drive, Palm Beach, Florida 33480, United States sale are Darren Weiner. This page is the Palm Beach, Florida file for the 640 Island Drive, Palm Beach, Florida 33480, United States single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Palm Beach sit in the Market section below. Filter that Palm Beach single family residence set by closing date to see what else sold near 640 Island Drive, Palm Beach, Florida 33480, United States around 2022. Published consideration for 640 Island Drive, Palm Beach, Florida 33480, United States is $31.3M, dated 2022. Cite this Darren Weiner's Celebrity Advisors LLC Sells Palm Beach Single Family Property For $31.25M sale when underwriting similar single family residence product around Palm Beach, Florida.
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93