Updated Dec 4, 2024
Sybil Kuchar Acquires Tequesta Waterfront Estate From Benjamin Aiello For $12.5M
11 Dewitt Place
$12,500,000
$1,760/SF
Building Size
7,100 SF
Asset Type
Single Family
Closing
Jan 11, 2024
About this deal
AI
The Tequesta waterfront estate located at 11 Dewitt Place, spanning 2.1 acres, was sold for $12,500,000 in a recent transaction. The property boasts a single-family home with 7,100 square feet of living space, equating to a price per square foot of $1,761. The buyers, Matt Kuchar and Sybil Kuchar, acquired the estate from seller Benjamin Aiello of 11 Ben’s Place LLC.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,500,000
- Market: Tequesta
- SF: 7,100
- PPSF: $1,761
- Buyer: Matt Kuchar & Sybil Kuchar
- Seller: Benjamin Aiello - 11 Ben’s Place LLC
Sybi Kuchar, wife of professional golfer Matt Kuchar, expanded their real estate holdings by purchasing this estate, making it their second property in Palm Beach County alongside a condo at the Bear's Club golf community. The transaction involved notable personalities in both the sports and real estate spheres, solidifying the Kuchars' presence in the luxury property market.
On the Map
$12,500,000
$1,760/SF
Single Family
View full map
Players
Jupiter Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $1.8K per square foot on a published $12.5M for 7,100 square feet (2024).
Visit Benjamin Aiello to view all their deals.
Browse Jupiter single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93