Updated Oct 28, 2024
Mary Louise Wimmer Acquires Single Family Home In Boca Raton For $24.5M
Boca Raton, FL, USA
$24,500,000
$2,084/SF
Building Size
11,753 SF
Asset Type
Single Family Residence
Closing
Jul 30, 2020
About this deal
AI
A single-family property in Boca Raton was recently sold for a staggering price of $24,500,000. The property, which spans an impressive 8,664 square feet, was purchased by Mary Louise Wimmer and Michael J. Wimmer, who is affiliated with AutoLender. The sellers of the property were Yuliya & Michael Rolnick. The transaction was facilitated by Jonathan Postma of Coldwell Banker, who represented the buyers.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $24,500,000
- Market: Boca Raton
- Buyer: Mary Louise Wimmer; Michael J. Wimmer - AutoLender
- Seller: Yuliya & Michael Rolnick
This significant transaction showcases the demand for high-end properties in Boca Raton. The buyers, Mary Louise Wimmer and Michael J. Wimmer, who is associated with AutoLender, recognized the value of this property and seized the opportunity. Jonathan Postma of Coldwell Banker successfully represented the buyers in this deal, ensuring a smooth and successful transaction.
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $24.5M for 11,753 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93