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
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