Updated Dec 21, 2023
Douglas Elliman Real Estate Acquires SFR In West Palm Beach For $16.2M
6717 South Flagler Drive, West Palm Beach, FL, USA
$16,200,000
$1,905/SF
Building Size
8,500 SF
Asset Type
Single Family Residence
Closing
Jul 8, 2020
About this deal
AI
A waterfront single-family residence located at 6717 S Flagler Drive in West Palm Beach has been sold for $16,200,000. With a total area of approximately 8,500 square feet, the property was listed at a price per square foot of $1,906.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,200,000
- Market: West Palm Beach
- Address: 6717 S Flagler Drive
The buyer was represented by Chris Leavitt from Douglas Elliman Real Estate, while Burt Minkoff, also from Douglas Elliman, represented the seller in this transaction.
Players
West Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $16.2M for 8,500 square feet (2020).
Visit Christopher (Chris) Leavitt to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93