Updated Oct 29, 2024
Richard & Linda Breeden Acquire Lantana SFR From Hypoluxo I LP For $9.4M
Lantana, FL, USA
$9,400,000
$704/SF
Building Size
13,342 SF
Asset Type
Single Family Residence
Closing
Aug 31, 2020
About this deal
AI
The property involved in this transaction is a single-family residence located in Lantana. The sale took place on September 1, 2020. The property, spanning 13,342 square feet, was sold by Hypoluxo I LP to Richard and Linda Breeden for a price of $9,400,000. The price per square foot was calculated to be $705.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,400,000
- Market: Lantana
- Square Footage: 13,342
The deal was facilitated by the brokerage firm Douglas Elliman, with Chris Leavitt, Ashley McIntosh, and Martin Conroy representing the buyers. The involvement of these parties illustrates the collaborative effort behind the successful closing of the transaction.
Players
Lantana 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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93