Larry Robbins Acquires Palm Beach Gardens Mansion From John And Margaret Hague
11759 Elina Court
$13,900,000
$1,121/SF
Building Size
12,399 SF
Asset Type
Single Family
Closing
Feb 14, 2024
AI
The property involved in the recent transaction is located at 11759 Elina Court in Palm Beach Gardens, featuring a 12,399-square-foot single-family home situated on 0.84 acres. The sale price for this estate was $13,900,000, equating to a price per square foot of $1,121.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,900,000
- Buyer: Larry Robbins - Glenview Capital Management
- Seller: Margaret Hague; John Hague - Hague Capital Partners
- Broker: Vince Marotta - Illustrated Properties Real Estate
- Address: 11759 Elina Court
- Market: Palm Beach Gardens
- Square Footage: 12,399
Hedge fund billionaire Larry Robbins of Glenview Capital Management acquired the estate from Margaret and John Hague of Hague Capital Partners, with the transaction facilitated by Vince Marotta from Illustrated Properties Real Estate. The property not only boasts eight bedrooms but also includes amenities like a pool, gym, theater, and a two-bedroom guest house.
Palm Beach Gardens 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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93