Nate Albers Of Disaster Management Group Buys Jupiter Inlet Colony Mansion For $30.2M
103 Lighthouse Drive
$30,200,000
$3,692/SF
Building Size
8,179 SF
Asset Type
Single Family
Closing
Oct 31, 2024
AI
The property asset involved in this transaction is a single-family residence located at 103 Lighthouse Drive in Jupiter Inlet Colony. The property spans 0.69 acres and contains 8,179 square feet of living space. It was sold for $30,200,000, achieving a price per square foot of $3,692. This residence features luxury amenities and was recently completed after the original home was demolished.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $30,200,000
- Address: 103 Lighthouse Drive
- Market: Jupiter Inlet Colony
- Acres: 0.69
- Square Footage: 8,179
- Price per Square Foot: $3,692
- Buyer: Nate Albers - Disaster Management Group
- Seller: Michael & Kelly Wiener
- Buyer's Representative: Devin Teal - Welcome Home Realty International
- Seller's Representatives: Tony Hernandez & Vincent Marotta - Illustrated Properties
Nate Albers has achieved a milestone in Jupiter Inlet Colony by setting a record for the highest sale of a waterfront mansion, surpassing the previous record of $20.4 million. The transaction was facilitated by real estate professionals representing both parties, ensuring a smooth negotiation process.
Players
Jupiter Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93