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HousePoor LLC Acquires Laura Andrassy's Palm Beach Single Family Home For $24.29M

Property Image
SOLD
$24,290,000
Michelle Thomson
MD

Florida

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Single Family7,514 SF
Sold
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Property Image
SOLD

HousePoor LLC Acquires Laura Andrassy's Palm Beach Single Family Home For $24.29M

167 Dunbar Road

See Similar Deals
Single Family7,514 SF
Sold
Michelle Thomson
MD
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3232
Total Square Footage:7514 SF
Transaction Type:Sale

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

Michelle Thomson
Coldwell Banker
Michelle Thomson
2 deals$84.2M volume
BROKER
MD
Florida Living Realty
Morgan Dillavou
1 deal$24.3M volume(707) 225-5233
BROKER

Details

SOLD
IMAGE: Michelle Thomson & Laura Andrassy DATE: 12/07/2023 ADDRESS: 167 Dunbar Road MARKET: Palm Beach ASSET TYPE: Single Family BUYER: HousePoor LLC SELLER: Laura Andrassy BROKERS: Michelle Thomson (@MichelleThomson) - Coldwell Banker (@CBRealtyForida); Morgan Dillavou - Florida Living Realty (@FloridaLivingRealty_HobeSound) SALE PRICE: $24,290,000 SF: 7,514 ~ PPSF: $3,233 NOTE: 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, and was listed at $28 million, ultimately selling for $1.7 million less than the recorded deed price.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,295,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$86,297.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$115,146.99
Annual Debt Service$1,381,763.91