Melissa Simmons & David Simmons Acquire Mansion In Jupiter For $13.375M
124 Bears Club Drive
$13,375,000
$1,316/SF
Building Size
10,160 SF
Asset Type
Single Family
Closing
Jun 7, 2024
AI
The property involved in the transaction is a 10,160-square-foot Single Family home located at 124 Bears Club Drive in Jupiter. The sale price for this property was $13,375,000, with a price per square foot of $1,316. The estate spans across 1.99 acres and was constructed in 2002. The buyers of this property were Melissa Simmons and David Simmons, while the sellers were Jaime Johnson, Elizabeth Wood Johnson, and Alan Frey. Mark Griffin from Bear's Club Sotheby's International Realty represented the transaction as the broker.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,375,000
- Market: Jupiter
- Buyer: Melissa Simmons & David Simmons
- Seller: Jaime Johnson, Elizabeth Wood Johnson & Alan Frey
- Broker: Mark Griffin - Bear's Club Sotheby's International Realty
- Square Footage: 10,160
- Price Per Square Foot: $1,316
- Address: 124 Bears Club Drive
- Acres: 1.99
The mansion in Jupiter’s Bears Club was acquired for $13,375,000 by Melissa Simmons, the spouse of pharma executive David Simmons. The property was sold by Jaime Johnson, Elizabeth Wood Johnson, and Alan Frey, who were representatives of Sale Johnson’s estate. The 10,160-square-foot home built in 2002 exchanged hands in this transaction.
Jupiter 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93