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Joseph & Shannon Smith Purchase Single Family Home In Palm Beach For $7.1M

Property Image
SOLD
$7,100,000
Christy Sheehan
Allison Nicklaus

Florida

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Single Family Residence7,037 SF
Sold
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Property Image
SOLD

Joseph & Shannon Smith Purchase Single Family Home In Palm Beach For $7.1M

825 Harbour Isles Way

See Similar Deals
Single Family Residence7,037 SF
Sold
Christy Sheehan
Allison Nicklaus
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1009
Total Square Footage:7037 SF
Transaction Type:Sale

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:

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.

Players

Christy Sheehan
Florida Living Realty
Christy Sheehan
4 deals$41M volume
BROKER
Allison Nicklaus
NV Realty Group
Allison Nicklaus
1 deal$7.1M volume(561) 346-4329
BROKER

Details

SOLD
IMAGE: Christy Sheehan & Allison Nicklaus DATE: 05/15/2024 ADDRESS: 825 Harbour Isles Drive MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Joseph & Shannon Smith SELLER: Kelly & Lily Perkins BROKERS: Christy Sheehan (@ChristyCochranSheehan) - Florida Living Realty (@FloridaLivingRealty_HobeSound); Allison Nicklaus (@AllisonNicklaus) - NV Realty Group (@NV_Realty) SALE PRICE: $7,100,000 SF: 7,037 ~ PPSF: $1,009

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

$378,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47