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708 Royal Plaza Drive LLC Acquires Fort Lauderdale Single Family Property For $24.83M

Property Image
SOLD
$24,830,000

Florida

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Single Family Residence7,877 SF
Sold 05/21/2023
the dealdetailscomps
Property Image
SOLD

708 Royal Plaza Drive LLC Acquires Fort Lauderdale Single Family Property For $24.83M

708 Royal Plaza Dr Fort Lauderdale, FL 33301, USA

See Similar Deals
Single Family Residence7,877 SF
Sold 05/21/2023
the dealdetailscomps

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,152
Total Square Footage:7,877 SF
Transaction Type:Sale

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.

Details

SOLD
IMAGE: Kent Haeger DATE: 05/21/2023 ADDRESS: 708 Royal Plaza Drive MARKET: Fort Lauderdale ASSET TYPE: Single Family BUYER: 708 Royal Plaza Drive LLC SELLER: Julie Haeger; Kent Haeger - High Street Capital SALE PRICE: $24,830,000 SF: 7,877 ~ PPSF: $3,152 LOT SF: 40,162 ~ PPLSF: $618 NOTE: Kent Haeger and his wife sold their Fort Lauderdale waterfront mansion for $24.83 million. The 7,877-square-foot home, located in the Las Olas Isles neighborhood, was purchased by 708 Royal Plaza Drive LLC, sharing an address with luxury homebuilder Bomar Builders.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,324,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,215.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$117,706.87
Annual Debt Service$1,412,482.41