Updated Feb 28, 2025
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
About this deal
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:
- Property Type: Single Family
- Transaction Amount: $4,795,250
- Address: 135A Root Trail
- Market: Palm Beach
- Square Footage: 3,071
- Price per Square Foot: $1,561
- Buyer: Amber Ramsay
- Seller: Jane Buffett
- Brokers: Blake Hanley & Laura Semler - Brown Harris Stevens; Denise Hanley - Denise A. Hanley Inc
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.
On the Map
$4,795,250
$1,561/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $1.6K per square foot on a published $4.8M for 3,071 square feet (2025).
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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