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:
- Property Type: Single Family
- Transaction Amount: $24,000,000
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
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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