Michelle Douglas And Kevin Douglas Acquire Palm Beach SFR For $28.5M
$28,500,000
$3,755/SF
Building Size
7,589 SF
Asset Type
Single Family Residence
Closing
Jul 20, 2021
AI
In a recent closed property transaction in Palm Beach, a Single Family Residence (SFR) was sold for a staggering sale price of $28,500,000. The property spans across 7,589 square feet, resulting in a price per square foot of $3,755. The transaction took place on July 20, 2021, involving buyers Michelle Douglas and Kevin Douglas from IMAX Corp. The sellers of the property were Todd Michael Glaser, Jonathan Fryd, and Scott Robins.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $28,500,000
- Market: Palm Beach
The buyers were represented by Chad Carroll from The Carroll Group at Compass, while Suzanne Frisbie from The Corcoran Group represented the sellers. This high-end real estate deal demonstrates the strong demand and robust market in Palm Beach.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93