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Gus & Gunvor Trust Acquires Philip Hammarskjol's North Palm Beach Mansion For $18.8M
SOLD
$18,800,000
Florida
See Similar DealsSingle Family10,400 SF
Sold 06/06/2024
SOLD
Gus & Gunvor Trust Acquires Philip Hammarskjol's North Palm Beach Mansion For $18.8M
11589 Lake House Court
See Similar DealsSingle Family10,400 SF
Sold 06/06/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,807
Total Square Footage:10,400 SF
Transaction Type:Sale
The North Palm Beach property located at 11589 Lake House Court was sold for $18.8 million. The single-family home spans 10,400 square feet and sits on a 0.9-acre lot in Lost Tree Village.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $18,800,000
- Buyer: Gus and Gunvor Trust
- Seller: Alicia Hammarskjold; Philip Hammarskjol- Hellman & Friedman
- Market: North Palm Beach
- Asset Type: Single Family
- Address: 11589 Lake House Court
The North Palm Beach mansion was sold by Hellman & Friedman executive chairman Philip Hammarskjold to the Gus and Gunvor Trust, overseen by attorney William D. Edwards.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,002,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,792.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$89,121.59
Annual Debt Service$1,069,459.10
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