Updated Dec 4, 2024
Joseph & Shannon Smith Purchase Single Family Home In Palm Beach For $7.1M
825 Harbour Isles Way
$7,100,000
$1,009/SF
Building Size
7,037 SF
Asset Type
Single Family Residence
Closing
May 15, 2024
About this deal
AI
The recently sold property is a Single Family home located at 825 Harbour Isles Drive in Palm Beach. The transaction, finalized on 05/15/2024, involved a sale price of $7,100,000 for a spacious 7,037 square feet, resulting in a price per square foot of $1,009.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,100,000
- Address: 825 Harbour Isles Drive
- Market: Palm Beach
- Buyer: Joseph & Shannon Smith
- Seller: Kelly & Lily Perkins
- Brokers: Christy Sheehan - Florida Living Realty; Allison Nicklaus - NV Realty Group
The deal was facilitated by Christy Sheehan from Florida Living Realty and Allison Nicklaus from NV Realty Group. The transaction showcased their expertise in the Palm Beach market, ensuring a successful property exchange for the buyers and sellers involved.
On the Map
$7,100,000
$1,009/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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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93