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Palm Beach Gardens, Florida...

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

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

Palm Beach Gardens, Florida, United States

$8,060,000

$2,302/SF

Building Size

3,500 SF

Asset Type

Single Family Residence

Closing

Jul 2, 2022

AI

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

Broker

$120.9M

vol

9 deals

Broker

Palm Beach Gardens 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

1.97%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93