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Melissa Simmons & David Simmons Acquire Mansion In Jupiter For $13.375M

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SOLD
$13,375,000

Florida

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Single Family10,160 SF
Sold 06/07/2024
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Property Image
SOLD

Melissa Simmons & David Simmons Acquire Mansion In Jupiter For $13.375M

124 Bears Club Drive

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Single Family10,160 SF
Sold 06/07/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,316
Total Square Footage:10,160 SF
Transaction Type:Sale

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.

Players

Mark Griffin
9 deals$191.1M volume
BROKER

Details

SOLD
IMAGE: Mark Griffin DATE: 06/07/2024 ADDRESS: 124 Bears Club Drive MARKET: Jupiter ASSET TYPE: Single Family ~ ACRES: 1.99 BUYER: Melissa Simmons & David Simmons SELLER: Jaime Johnson, Elizabeth Wood Johnson & Alan Frey BROKER: Mark Griffin - Bear's Club Sotheby's International Realty SALE PRICE: $13,375,000 SF: 10,160 ~ PPSF: $1,316 NOTE: Heirs to the Johnson & Johnson fortune sold a mansion in Jupiter’s Bear’s Club for $13,375,000 million to Melissa Simmons, wife of pharma executive David Simmons. The 10,160-square-foot home, built in 2002, was sold by Jaime Johnson, Elizabeth Wood Johnson, and Alan Frey as representatives of Sale Johnson’s estate.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$713,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,518.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,404.32
Annual Debt Service$760,851.88