Updated Sep 5, 2024
Cara McClure Acquires Palm Beach SFR For $6.75M
661 North Lake Way, Palm Beach, FL, USA & 661 North Lake Way, Palm Beach, FL, USA
$6,749,374
$512/SF
Building Size
6,590 SF
Asset Type
Single Family Residence
Closing
Nov 8, 2020
About this deal
AI
Located in Palm Beach, the property at 661 North Lake Way recently changed hands in a sale transaction. The single-family residence (SFR) was sold for a price of $6,749,374. Spanning across 6,590 square feet, the property offers a price per square foot (PPSF) of $1,024.
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $6,749,374
- Address: 661 North Lake Way, Palm Beach
- Market: Palm Beach
- Buyer's Representative: Cara McClure
- Seller's Representative: Dana Koch - The Corcoran Group
Cara McClure represented the buyer in this transaction, while Dana Koch from The Corcoran Group served as the seller's representative.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $512 per square foot on a published $6.7M for 13,180 square feet (2020).
Visit Dana Koch to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93