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Darren Weiner's Celebrity Advisors LLC Sells Palm Beach Single Family Property For $31.25M

Property Image
SOLD
$31,250,000

Florida

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Single Family Residence6,623 SF
Sold 06/01/2022
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Property Image
SOLD

Darren Weiner's Celebrity Advisors LLC Sells Palm Beach Single Family Property For $31.25M

640 Island Drive, Palm Beach, Florida 33480, United States

See Similar Deals
Single Family Residence6,623 SF
Sold 06/01/2022
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,718
Total Square Footage:6,623 SF
Transaction Type:Sale

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.

Players

Darren Weiner
Darren Weiner
1 deal$31.3M volume
BROKER

Details

SOLD
IMAGE: Darren Weiner DATE: 06/01/2022 ADDRESS: 640 Island Dr MARKET: Palm Beach ASSET TYPE: Single Family BROKER: Darren Weiner - Celebrity Advisors LLC (@CelebrityAdvisors) SALE PRICE: $31,250,000 SF: 6,623 ~ PPSF: $4,718

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$111,024.65
Cash-on-Cash Return-1.27%
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