Updated Oct 29, 2024
Benjamin Landa Acquires Katy Hearn & Haydn Schneider's Boca Raton Mansion For $7.2M
8422 Lookout Cir Boca Raton, FL 33496, USA
$7,200,000
$800/SF
Building Size
9,000 SF
Asset Type
Single Family Residence
Closing
May 5, 2023
About this deal
AI
A non-waterfront Boca Raton mansion located at 8422 Lookout Circle has been sold for $7.2 million. The property, spanning 1.1 acres, features a 9,000-square-foot living space with six bedrooms and seven bathrooms. It also includes a pool, pool house, 600-bottle wine storage, and an outdoor kitchen. The mansion was originally purchased by fitness influencers Katy Hearn and Haydn Schneider in 2018 for $4.8 million.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,200,000
- Address: 8422 Lookout Circle, Boca Raton
- Market: Boca Raton
- Square Footage: 9,000
- Buyer: Benjamin Landa - Sentosa Care
- Seller: Katy Hearn & Haydn Schneider
- Buyer's Representative: Brad Schwartzman - Vue Real Estate
- Seller's Representatives: John Poletto & Mark Nestler - One Sotheby’s International Realty
Benjamin Landa, the CEO of Sentosa Care and a partner in other nursing home operations, purchased the mansion through an LLC managed by him. The transaction was facilitated by Brad Schwartzman from Vue Real Estate, representing the buyer, and John Poletto and Mark Nestler from One Sotheby's International Realty, representing the sellers, Katy Hearn and Haydn Schneider.
On the Map
$7,200,000
$800/SF
Single Family Residence
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About $800 per square foot on a published $7.2M for 9,000 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93