HousePoor LLC Acquires Laura Andrassy's Palm Beach Single Family Home For $24.29M
167 Dunbar Road
$24,290,000
$3,232/SF
Building Size
7,514 SF
Asset Type
Single Family
Closing
Dec 7, 2023
AI
Laura Andrassy, ex-wife of golfer Greg Norman, has sold her custom-built Palm Beach home at 167 Dunbar Road for $24.29 million to HousePoor LLC. The West Indies-style residence, purchased in 2010 for $3.25 million, features five bedrooms and a bar-and-lounge. It was listed at $28 million and ultimately sold for $1.7 million less than the recorded deed price.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $24,290,000
- Market: Palm Beach
- Address: 167 Dunbar Road
Michelle Thomson of Coldwell Banker and Morgan Dillavou of Florida Living Realty represented the buyer and the seller, respectively, in this deal.
Players
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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93