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11 Dewitt Place

Sybil Kuchar Acquires Tequesta Waterfront Estate From Benjamin Aiello For $12.5M
SOLDSingle Family

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

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.

Players

Benjamin Aiello

Seller

$35.4M

vol

3 deals

Seller

Jupiter 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93