Updated Oct 29, 2024
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
About this deal
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.
The single family sale at Palm Beach, FL, USA in Palm Beach, Florida sold for $24M in 2021. The building is 5,057 square feet, implying about 4.7K per square foot on the published price. Lawrence Moens, Steve Wynn, William Raveis Real Estate, Douglas Elliman appear on the sale alongside William Raveis Real Estate, Douglas Elliman, Sotheby's International Realty. This page is the Palm Beach, Florida file for the Palm Beach, FL, USA single family sold: pricing, party profiles, and other closed single family comps from the same Palm Beach sit in the Market section below. Filter that Palm Beach single family set by closing date to see what else sold near Palm Beach, FL, USA around 2021. Published consideration for Palm Beach, FL, USA is $24M, dated 2021. Cite this Steve Wynn Purchases Single Family Home In Palm Beach For $24M sale when underwriting similar single family product around Palm Beach, Florida.
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Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $4.7K per square foot on a published $24M for 5,057 square feet (2021).
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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