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Rob & Randi Valerious Acquire Palm Beach Single Family Home For $8.06M

Property Image
SOLD
$8,060,000
Justin Besikof
Elizabeth DeWoody

Florida

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Single Family Residence3,500 SF
Sold 07/02/2022
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Property Image
SOLD

Rob & Randi Valerious Acquire Palm Beach Single Family Home For $8.06M

Palm Beach Gardens, Florida, United States

See Similar Deals
Single Family Residence3,500 SF
Sold 07/02/2022
Justin Besikof
Elizabeth DeWoody
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,302
Total Square Footage:3,500 SF
Transaction Type:Sale

A single-family property in Palm Beach has been sold for a price of $8,060,000. The property spans 3,500 square feet, resulting in a price per square foot of $2,303. The sale took place on February 7, 2022, and the transaction was facilitated by Justin B. Besikof of Medeira Partners, who represented the seller. The buyer, Rob and Randi Valerious, was represented by Elizabeth DeWoody of Compass Florida.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $8,060,000
  • Market: Palm Beach
  • Square Footage: 3,500
  • Price per Square Foot: $2,303

The seller, Justin B. Besikof, sought the assistance of Linda R. Olsson, Inc., while the buyer, Rob and Randi Valerious, enlisted the services of Elizabeth DeWoody from Compass Florida. The involvement of these individuals and companies played a crucial role in the transaction.

Players

Elizabeth DeWoody
Compass
Elizabeth DeWoody
9 deals$120.9M volume
BROKER
Justin Besikof
Justin Besikof
3 deals$30M volume
BROKER

Details

SOLD
IMAGE: Elizabeth DeWoody & Justin B. Besikof DATE: 02/07/2022 MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Rob & Randi Valerious SELLER: Justin B. Besikof - Medeira Partners BUYER'S REP: Elizabeth DeWoody (@Elizabeth_DeWoody) - Compass Florida (@CompassFlorida) SELLER'S REP: Justin Besikof - Linda R. Olsson, Inc. SALE PRICE: $8,060,000 SF: 3,500 ~ PPSF: $2,303

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$429,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,635.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,208.51
Annual Debt Service$458,502.14