Updated Dec 21, 2023
David E Klein Acquires $46 Million Single Family Home On Island Dr In Palm Beach, FL
662 Island Drive, Palm Beach, Florida 33480, United States
$46,000,000
$6,052/SF
Building Size
7,600 SF
Asset Type
Single Family Residence
Closing
Jun 13, 2022
About this deal
AI
The single-family property located at 662 Island Dr in Palm Beach, FL has been sold in a transaction dated June 14, 2022. The property spans an area of 7,600 square feet and was sold for a total price of $46,000,000. This equates to a price per square foot of $6,053.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $46,000,000
- Address: 662 Island Dr, Palm Beach, FL
- Market: Palm Beach, FL
The buyer of the property is David E Klein, while the sellers are Jeffrey C Walker and Suzanne C Walker. The transaction was successfully facilitated, representing a significant investment in the Palm Beach real estate market.
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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93