Updated Dec 19, 2023
Howard Martin Sprock III Acquires Palm Beach Single Family For $8.25M
9 Golfview Rd, Palm Beach, FL, USA
$8,250,000
$1,343/SF
Building Size
6,143 SF
Asset Type
Single Family Residence
Closing
Apr 8, 2021
About this deal
AI
Located in Palm Beach, the single-family property at 9 Golfview Rd has been sold in a recent transaction. The property spans approximately 6,143 square feet and was sold for a price of $8,250,000, resulting in a price per square foot of $1,343. The sale took place on April 9, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $8,250,000
- Address: 9 Golfview Rd, Palm Beach
- Market: Palm Beach
The buyer of the property is Howard Martin Sprock III, while the sellers include Betsy Shiverick, Paul Shiverick, Anne Fairfax, and Richard Sammons. Representing the buyer in this transaction is Adam McPherson. On the other hand, Cara Coniglio McClure and Lisa Wilkinson, affiliated with Douglas Elliman Real Estate, served as the sellers' representatives.
On the Map
$8,250,000
$1,343/SF
Single Family Residence
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Players
North Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $8.3M for 6,143 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93