Updated Dec 12, 2024
708 Royal Plaza Drive LLC Acquires Fort Lauderdale Single Family Property For $24.83M
708 Royal Plaza Dr Fort Lauderdale, FL 33301, USA
$24,830,000
$3,152/SF
Building Size
7,877 SF
Asset Type
Single Family Residence
Closing
May 21, 2023
About this deal
AI
Kent Haeger and his wife sold their Fort Lauderdale waterfront mansion for $24.83 million. The 7,877-square-foot home is located in the Las Olas Isles neighborhood and features a stunning view of the water. The property, situated at 708 Royal Plaza Drive, offers luxury living in a prime location in Fort Lauderdale. The sale price of $24,830,000 reflects the high market value of this exclusive property.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $24,830,000
- Square Footage: 7,877
- Address: 708 Royal Plaza Drive
- Market: Fort Lauderdale
The buyer of this magnificent property is 708 Royal Plaza Drive LLC, a company that shares an address with luxury homebuilder Bomar Builders. The seller, Julie Haeger and Kent Haeger, were represented by High Street Capital in this transaction. The deal exemplifies the collaboration between different parties and highlights the value placed on this prime waterfront property in Fort Lauderdale.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93