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162 Bears Club Drive

Dana Falk Purchases Single Family Home From Matthew Resnicoff In Jupiter For $15.29M
SOLDSingle Family

Dana Falk Purchases Single Family Home From Matthew Resnicoff In Jupiter For $15.29M

162 Bears Club Drive

$15,292,470

$1,550/SF

Building Size

9,865 SF

Asset Type

Single Family

Closing

Dec 4, 2024

AI

A single-family mansion located at 162 Bears Club Drive in Jupiter has been sold for $15,292,470. This property features a total area of 9,865 square feet, equating to a price per square foot of $1,550. The sale marks a gain of $800,000 for the seller over the purchase price from 2023, when the property was acquired for $14.5 million.

Summary of transaction details:

The seller, Matthew Resnicoff, is a music producer. The buyer, Dana Falk, is the widow of Baxter executive Ralph N. Falk II. The representatives for each party played key roles in facilitating the transaction, with Melanie Barre and Sheila Crosby representing the buyer and Johnny DelPrete representing the seller.

Players

Sheila Crosby

Sotheby's International Realty

Broker

$79.1M

vol

4 deals

Broker
Nest Seekers International
Nest Seekers InternationalBrokerage

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

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93