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135 Root Trail, Unit A

Amber Ramsay Acquires Jimmy Buffett's Former Home In Palm Beach For $4.795M
SOLDSingle Family

Amber Ramsay Acquires Jimmy Buffett's Former Home In Palm Beach For $4.795M

135 Root Trail, Unit A

$4,795,250

$1,561/SF

Building Size

3,071 SF

Asset Type

Single Family

Closing

Feb 21, 2025

AI

The property involved in the transaction is a single-family home located at 135A Root Trail in Palm Beach. The asset has a sale price of $4,795,250 and encompasses a square footage of 3,071. This residence was previously owned by the late Jimmy Buffett and was part of his compound, which included another property still on the market at 135B Root Trail for $4,775,000. The house was originally listed at $6.65 million.

Summary of transaction details:

This transaction marks the second of Jimmy Buffett's three Palm Beach properties to be sold since they were listed in July 2023. The deal involved brokers Blake Hanley and Laura Semler from Brown Harris Stevens, alongside Denise Hanley from Denise A. Hanley Inc, representing the seller in this transaction.

Players

Denise Hanley

Broker

$27.3M

vol

4 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

3.31%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93