Andy Unanue Sells Palm Beach Mansion To Buyer For $27.9 Million With Broker Dana Koch
120 Clarendon Avenue
$27,900,000
$2,962/SF
Building Size
9,418 SF
Asset Type
Single Family
Closing
Dec 25, 2024
AI
The property involved in the transaction is a single-family home located at 120 Clarendon Avenue in Palm Beach. The home, designed in a Mediterranean style, encompasses 9,418 square feet and includes eight bedrooms, a guesthouse, and access to a deeded beach. The property was sold for $27,900,000 after being initially listed for $36,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $27,900,000
- Square Footage: 9,418
- Price Per Square Foot: $2,962
- Address: 120 Clarendon Avenue
- Market: Palm Beach
- Seller: Andy Unanue
- Broker: Dana Koch - The Corcoran Group
Financier Andy Unanue, an heir of Goya Foods, purchased the property for $22,700,000 in 2021. The mansion is located in close proximity to President Trump's Mar-A-Lago resort.
Players
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93