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.
On the Map
$16,200,000
$1,905/SF
Single Family Residence
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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