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150 Gardenia Isles Drive

SOLDSingle Family

Mark Morrison Acquires Single Family Property In Palm Beach Gardens For $1.8M

150 Gardenia Isles Drive

$1,800,000

$515/SF

Building Size

3,489 SF

Asset Type

Single Family

Closing

Oct 15, 2022

AI

A single-family property located at 150 Gardenia Isle in Palm Beach Gardens has been sold. The property, with a total area of 3,489 square feet, was purchased by Mark Morrison for a price of $1,800,000, resulting in a price per square foot of $516.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $1,800,000
  • Square Footage: 3,489
  • Address: 150 Gardenia Isle, Palm Beach Gardens
  • Market: Palm Beach Gardens

In this transaction, Mark Morrison acted as the buyer. Jackie Hanna from William Raveis South Florida represented Mark Morrison as the buyer's representative. On the seller's side, Craig Heger from Echo Fine Properties served as the seller's representative.

Players

Craig Heger

Echo Fine Properties

Broker

$1.8M

vol

1 deal

Broker

West 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93