Updated Oct 29, 2024
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
About this deal
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.
On the Map
$21,000,000
$3,559/SF
Single Family Residence
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Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.6K per square foot on a published $21M for 5,900 square feet (2022).
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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