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Andy Unanue Sells Palm Beach Mansion To Buyer For $27.9 Million With Broker Dana Koch

Property Image
SOLD
$27,900,000

Florida

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Single Family9,418 SF
Sold 12/25/2024
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Property Image
SOLD

Andy Unanue Sells Palm Beach Mansion To Buyer For $27.9 Million With Broker Dana Koch

120 Clarendon Avenue

See Similar Deals
Single Family9,418 SF
Sold 12/25/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,962
Total Square Footage:9,418 SF
Transaction Type:Sale

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

Dana Koch
The Corcoran Group
Dana Koch
42 deals$1B volume
BROKER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Andy Unanue & Dana Koch DATE: 12/25/2024 ADDRESS: 120 Clarendon Avenue MARKET: Palm Beach ASSET TYPE: Single Family SELLER: Andy Unanue BROKER: Dana Koch (@KochTeam) - The Corcoran Group (@TheCorcoranGroup) PRICE: $27,900,000 SF: 9,418 ~ PPSF: $2,962 NOTE: Financier Andy Unanue, an heir of Goya Foods, sold his Palm Beach mansion for $27.9 million after initially listing it for $36 million. The 9,418-square-foot Mediterranean-style home, featuring eight bedrooms, a guesthouse, and deeded beach access, was purchased by Unanue for $22.7 million in 2021. It is located near President Trump's Mar-A-Lago resort. #

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Net Operating Income (NOI)

$1,488,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$99,122.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,260.23
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