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Steve Wynn Purchases Single Family Home In Palm Beach For $24M

Property Image
SOLD
$24,000,000
LM
Steve Wynn

Florida

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Single Family5,057 SF
Sold 04/07/2021
the dealplayerscompscontact
Property Image
SOLD

Steve Wynn Purchases Single Family Home In Palm Beach For $24M

Palm Beach, FL, USA

See Similar Deals
Single Family5,057 SF
Sold 04/07/2021
LM
Steve Wynn
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$4,745
Total Square Footage:5,057 SF
Transaction Type:Sale

A single-family property located in Palm Beach has been sold for a price of $24,000,000. The property spans 5,057 square feet, resulting in a price per square foot of $4,746. The transaction took place on April 7, 2021.

Summary of Transaction Details:

Steve Wynn purchased the property from Brooke Garden and Edward Garden, who represent Trian Partners. Lawrence Moens from Lawrence A. Moens Associates acted as the broker in this deal.

Players

LM
Lawrence Moens
64 deals$2.4B volume(561) 655-5510
BROKER
William Raveis Real Estate
William Raveis Real Estate
BROKERAGE
Douglas Elliman
Douglas Elliman
BROKERAGE
Sotheby's International Realty
Sotheby's International Realty
BROKERAGE
Premier Estate Properties
Premier Estate Properties
BROKERAGE
Compass
Compass
BROKERAGE
The Corcoran Group
The Corcoran Group
BROKERAGE
Steve Wynn
Steve Wynn
6 deals$213.1M volume
BUYER
TP
Trian Partners
SELLER
TP
Trian Partners
SELLER

Details

SOLD
IMAGE: Edward Garden & Steve Wynn DATE: 04/07/2021 MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Steve Wynn SELLER: Brooke Garden, Edward Garden - Trian Partners BROKER: Lawrence Moens - Lawrence A. Moens Associates PRICE: $24,000,000 SF: 5,057 ~ PPSF: $4,746

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,279,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93