Updated Oct 29, 2024
SL Trail LLC Acquires SFR In Palm Beach For $71.8M From Seller Lydia & Robb E. Turner
8 South Lake Trail, Palm Beach, FL, USA
$71,850,000
$7,710/SF
Building Size
9,318 SF
Asset Type
Single Family Residence
Closing
Jun 29, 2020
About this deal
AI
The property asset involved in this closed transaction is a Single Family Residence (SFR) located at 8 South Lake Trail in Palm Beach. The transaction took place on June 30, 2020. The property spans 9,318 square feet and was sold for a price of $71,850,000. The sale price translates to a price per square foot of $7,710. The buyers in this transaction were SL Trail LLC, represented by L. Benton Alexander Jr., and the sellers were Lydia & Robb E. Turner from the Madave Group.
Summary of transaction details:
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $71,850,000
- Address: 8 South Lake Trail, Palm Beach
- Market: Palm Beach
- Square Footage: 9,318
- Price per Square Foot: $7,710
- Buyer: SL Trail LLC - L. Benton Alexander Jr.
- Seller: Lydia & Robb E. Turner - Madave Group
The buyers in this transaction were represented by L. Benton Alexander Jr. from SL Trail LLC, while the sellers were Lydia & Robb E. Turner from the Madave Group. This deal highlights the key individuals and companies involved in the sale of the property at 8 South Lake Trail in Palm Beach.
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93