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
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