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Royal Palm Way

Compass Florida Represents Buyer In $11.3M Palm Beach Single Family Home Sale
SOLDSingle Family Residence

Compass Florida Represents Buyer In $11.3M Palm Beach Single Family Home Sale

Royal Palm Way

$11,290,000

$1,807/SF

Building Size

6,247 SF

Asset Type

Single Family Residence

Closing

Jan 28, 2022

AI

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

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker
William Raveis Real Estate
William Raveis Real EstateBrokerage

Eileen Hodges Small

Seller

$22.6M

vol

2 deals

Seller
Citybank
CitybankLender

West 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

1.41%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93