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Susan Dee Bagwell Haslam And Jimmy Haslam Acquire Oceanfront Home In North Palm Beach For $25M
SOLD
$25,000,000
Florida
See Similar DealsSingle Family5,906 SF
Sold 07/03/2025
SOLD
Susan Dee Bagwell Haslam And Jimmy Haslam Acquire Oceanfront Home In North Palm Beach For $25M
11914 Turtle Beach Road
See Similar DealsSingle Family5,906 SF
Sold 07/03/2025
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$4,233
Total Square Footage:5,906 SF
Transaction Type:Sale
A single-family oceanfront home located at 11914 Turtle Beach Road in North Palm Beach was sold for $25,000,000. The property spans 5,906 square feet and sits on a 1.1-acre lot, resulting in a price per square foot of $4,233. Its sale was conducted as an off-market transaction.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $25,000,000
- Address: 11914 Turtle Beach Road
- Market: North Palm Beach
- Square Footage: 5,906
- Price Per Square Foot: $4,233
- Buyer: Susan “Dee” Bagwell Haslam & Jimmy Haslam
- Seller: Robert & Diane White
- Acres: 1.1
Susan “Dee” Haslam, through the Knox-Main Trust, acquired the property from Robert and Diane White, who previously purchased the home in 1990 for $3.2 million, demonstrating a significant return on investment for the sellers.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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