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103 Lighthouse Drive

Nate Albers Of Disaster Management Group Buys Jupiter Inlet Colony Mansion For $30.2M
SOLDSingle Family

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:

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

Vincent Marotta

Illustrated Properties Real Estate

Broker

$198.6M

vol

13 deals

Broker

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