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Compass & The Corcoran Grou...

Michelle Douglas And Kevin Douglas Acquire Palm Beach SFR For $28.5M
SOLDSingle Family Residence

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

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

Chad Carroll

Compass

Broker

$1.7B

vol

84 deals

Broker
IMAX Corp
IMAX CorpBuyer

Kevin Douglas

IMAX Corp

Buyer

$65.6M

vol

2 deals

Buyer
Scott Robins

Scott Robins

Seller

$209.5M

vol

10 deals

Seller

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