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1655 Royal Palm Way

Lou C. Bachrodt III & Irena Lenner Acquire Denise Rizzuto's Boca Raton Single Family Home For $8M
SOLDSingle Family

Lou C. Bachrodt III & Irena Lenner Acquire Denise Rizzuto's Boca Raton Single Family Home For $8M

1655 Royal Palm Way

$8,000,000

$1,709/SF

Building Size

4,679 SF

Asset Type

Single Family

Closing

Jan 19, 2024

AI

Denise Rizzuto has sold her Boca Raton home in Royal Palm Yacht & Country Club to car dealer Lou C. Bachrodt III and Irena Lenner for $8 million. The property, located at 1655 Royal Palm Way, spans 0.32 acres and is a single-family residence measuring 4,679 square feet. It is situated in the upscale market of Boca Raton.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $8,000,000
  • Address: 1655 Royal Palm Way
  • Market: Boca Raton
  • Acreage: 0.32 acres

The buyer, Lou C. Bachrodt III, and Irena Lenner acquired the property, represented by Ann Rutherford from Coldwell Banker Realty. Denise Rizzuto, the seller, was assisted by Joyce Marie Schneider from Castles By The Beach Realty. It is worth noting that this sale comes nine months after Denise Rizzuto initially purchased the property for $7.8 million. The Rizzuto family holds additional upscale real estate holdings in the area.

Players

Joyce Marie Schneider

Castles By The Beach Realty

Broker

$8M

vol

1 deal

Broker

Boca Raton 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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93