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11165 Old Harbour Road

Jean & Peter Scannell Acquire North Palm Beach Mansion For $19.6M
SOLDSingle Family

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

James Kenny

K2 Realty

Broker

$216.8M

vol

13 deals

Broker

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