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8388 Delprado Drive, Delray...

Updated Dec 21, 2023

Todd & Gina Skelton Acquire SFR In Mizner Country Club, Delray Beach For $5.1M
SOLDSingle Family Residence

Todd & Gina Skelton Acquire SFR In Mizner Country Club, Delray Beach For $5.1M

8388 Delprado Drive, Delray Beach, Florida 33446, United States

$5,100,000

$652/SF

Building Size

7,822 SF

Asset Type

Single Family Residence

Closing

Dec 20, 2021

About this deal

AI

A single-family residential property located at 8388 Del Prado Dr in Mizner Country Club, Delray Beach, was recently sold for $5,100,000. The property offers 7,822 square feet of space, resulting in a price per square foot of $652. The transaction took place on December 20, 2021. Jeremy Olsher of Mizner Residential Group, affiliated with Compass FL, represented both the buyer and the seller in this deal.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,100,000
  • Address: 8388 Del Prado Dr
  • Market: Mizner Country Club, Delray Beach
  • Buyer: Todd & Gina Skelton
  • Seller: Nima & Anjan Patel
  • Buyer & Seller's Rep: Jeremy Olsher - Mizner Residential Group - Compass FL

This transaction showcases the successful collaboration between Todd & Gina Skelton, the buyers, and Nima & Anjan Patel, the sellers. Jeremy Olsher, from Mizner Residential Group affiliated with Compass FL, played a crucial role as the representative for both parties. The deal was finalized at the asking price of $5,100,000, demonstrating a harmonious agreement reached by all involved parties.

Players

Jeremy Olsher

Compass

Broker

$11.1M

vol

2 deals

Broker

Delray Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $652 per square foot on a published $5.1M for 7,822 square feet (2021).

Visit Jeremy Olsher to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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