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Palm Beach, Florida, United...

Compass Florida Acquires Palm Beach Single-Family Home For $21M
SOLDSingle Family Residence

Compass Florida Acquires Palm Beach Single-Family Home For $21M

Palm Beach, Florida, United States

$21,000,000

$3,559/SF

Building Size

5,900 SF

Asset Type

Single Family Residence

Closing

May 5, 2022

AI

The single-family property located in Palm Beach has been sold for $21,000,000. It spans across 5,900 square feet, resulting in a price per square foot of $3,559. The sale was finalized on 05/05/2022.

Summary of transaction details

  • Property Type: Single-Family
  • Transaction Amount: $21,000,000
  • Market: Palm Beach
  • Square Footage: 5,900
  • Price per Square Foot: $3,559

The seller of the property was Pamela A. Perri Reyes and David “Duke” K. Reyes, who are affiliated with Reyes Holdings. Lisa & John Cregan from Sotheby’s International Realty acted as the seller's representatives in the transaction. The buyer was represented by Jonathan Duerr, who is associated with Compass Florida.

Players

Jonathan Duerr

Compass

Broker

$26.1M

vol

2 deals

Broker

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93