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120 Clarendon Avenue

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

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

Dana Koch

The Corcoran Group

Broker

$1B

vol

42 deals

Broker

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