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Kelly Martin's KM Revocable Trust Acquires Waterfront Mansion From Zaccaria Family Trust For $17.5M
SOLD
Florida
See Similar DealsSingle Family11,799 SF
Sold 08/29/2025
SOLD
Kelly Martin's KM Revocable Trust Acquires Waterfront Mansion From Zaccaria Family Trust For $17.5M
166 Alexander Palm Road
See Similar DealsSingle Family11,799 SF
Sold 08/29/2025
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,483
Total Square Footage:11,799 SF
Transaction Type:Sale
The property located at 166 Alexander Palm Road in Boca Raton is a single-family asset consisting of 11,799 square feet and situated on a 0.52-acre lot. This waterfront mansion was sold for $17,500,000, resulting in a price per square foot of $1,483.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,500,000
- Address: 166 Alexander Palm Road
- Market: Boca Raton
- Square Footage: 11,799
- Price per Square Foot: $1,483
- Buyer: Kelly Martin - KM Revocable Trust
- Seller: The Zaccaria family trust
- Buyer's Representative: Marcy Javor - Signature One Luxury Estates
- Seller's Representative: Matthew Quattrociocchi - Century 21 Terance Realty
Marcy Javor represented the buyer, Kelly Martin, who acted as trustee of the KM Revocable Trust. Matthew Quattrociocchi represented the seller, The Zaccaria family trust, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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