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11759 Elina Court

Larry Robbins Acquires Palm Beach Gardens Mansion From John And Margaret Hague
SOLDSingle Family

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.

Players

Vincent Marotta

Illustrated Properties Real Estate

Broker

$198.6M

vol

13 deals

Broker

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