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
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