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124 Bears Club Drive

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

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.

Players

Mark Griffin

Sotheby's International Realty

Broker

$191.1M

vol

9 deals

Broker

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