Updated Oct 29, 2024
5 Golfview Road LLC Acquires Single-Family Home In Palm Beach For $44.9M
Palm Beach, Florida, United States
$44,930,000
$5,657/SF
Building Size
7,942 SF
Asset Type
Single Family Residence
Closing
Feb 3, 2022
About this deal
AI
The single-family property located in Palm Beach has been sold for a total of $44,930,000. The transaction was finalized on 03/02/2022, and the property spans an area of 7,942 square feet, resulting in a price per square foot of $5,657.
Summary of transaction details
- Property Type: Single-Family
- Transaction Amount: $44,930,000
- Market: Palm Beach
- Image: David Harrison Gilmour
- Buyer: 5 Golfview Road LLC - M. Timothy Hanlon
- Seller: Jillian Gilmour; David Harrison Gilmour - Fiji Water
- Lender: Citybank
M. Timothy Hanlon, representing 5 Golfview Road LLC, acted as the buyer in this transaction. Jillian Gilmour and David Harrison Gilmour, associated with Fiji Water, were the sellers. The lending institution involved in the deal was Citybank.
Players
Palm Beach 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93