Updated Oct 29, 2024
Baloobeach Acquires Palm Beach Single Family For $72.9M
Palm Beach Gardens, Florida, United States
$72,900,000
$5,901/SF
Building Size
12,352 SF
Asset Type
Single Family Residence
Closing
Dec 5, 2022
About this deal
AI
Tomas Maier has sold his property in Palm Beach for $72,900,000. The single-family home, situated on 0.76 acres, spans 12,352 square feet. The sale price translates to a price per square foot of $5,902.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $72,900,000
- Market: Palm Beach
- Acres: 0.76
The buyer, Baloobeach, acquired the property from Tomas Maier and Andrew Preston. The sale was facilitated by Lawrence Moens of Lawrence A. Moens Associates. JPMorgan Chase provided the financing for the transaction.
On the Map
$72,900,000
$5,901/SF
Single Family Residence
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Players
Palm Beach Gardens 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93