Compass Florida Represents Buyer In $11.3M Palm Beach Single Family Home Sale
SOLD
$11,290,000
+ 2
Florida
See Similar DealsSingle Family Residence6,247 SF
Sold 01/28/2022
SOLD
Compass Florida Represents Buyer In $11.3M Palm Beach Single Family Home Sale
Royal Palm Way
See Similar DealsSingle Family Residence6,247 SF
Sold 01/28/2022
+ 2
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,807
Total Square Footage:6,247 SF
Transaction Type:Sale
An impressive single-family home in Palm Beach has been sold for an astonishing $11,290,000. This beautiful property, with a total area of 6,247 square feet, is located in a desirable neighborhood. The sale price per square foot was $1,807, reflecting the exceptional value of this home.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,290,000
- Market: Palm Beach
- Square Feet: 6,247
The sellers of this remarkable property were Eileen Hodges Small and Jeffrey Phillips Small. Representing the buyers was Stephen Hall from Compass Florida, ensuring a smooth transaction. On the other hand, Whitney McGurk and Liza Pulitzer from Brown Harris Stevens represented the sellers, providing excellent guidance throughout the deal.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$602,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,111.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,520.36
Annual Debt Service$642,244.32
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