Jean & Peter Scannell Acquire North Palm Beach Mansion For $19.6M
11165 Old Harbour Road
$19,600,000
$3,296/SF
Building Size
5,946 SF
Asset Type
Single Family
Closing
May 4, 2024
AI
The property at 11165 Old Harbour Road in North Palm Beach, a Single Family home situated on 1.16 acres, was sold for $19,600,000. The 5,946-square-foot mansion features five bedrooms, six bathrooms, a covered loggia, dock, pool, and spa. The transaction price equated to $3,296 per square foot.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $19,600,000
- Buyer: Jean Scannell; Peter Scannell- Rockwood Service Corp
- Seller: Judith Anne Horrigan; David Gregory Horrigan - Silgan Holdings
- Brokers: James Kenny & Paul Kaneb - K2 Realty
- Address: 11165 Old Harbour Road
- Market: North Palm Beach
- Property Size: 5,946 square feet
- Price Per Square Foot: $3,296
Peter Scannell, the president of Rockwood Service Corp, and his wife Jean acquired the property from David Gregory Horrigan, who is the co-founder of Silgan Holdings. This acquisition took place in the prestigious Lost Tree Village near North Palm Beach, marking a significant transaction between influential personalities in the business arena.
Players
North 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93