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Palm Beach, FL, USA

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

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

Palm Beach, FL, USA

$24,000,000

$4,745/SF

Building Size

5,057 SF

Asset Type

Single Family

Closing

Apr 7, 2021

AI

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

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker
William Raveis Real Estate
William Raveis Real EstateBrokerage
Compass
CompassBrokerage

Steve Wynn

Wynn Resorts

Buyer

$213.1M

vol

6 deals

Buyer

Palm Beach 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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93