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1672 Galleon Drive

Larry Lappin Acquires 0.78 Acre Single Family Property On Galleon Drive, Naples For $46.8M
SOLDSingle Family

Larry Lappin Acquires 0.78 Acre Single Family Property On Galleon Drive, Naples For $46.8M

1672 Galleon Drive

$46,800,000

$5,240/SF

Building Size

8,930 SF

Asset Type

Single Family

Closing

Feb 23, 2023

AI

A single-family property located at 1672 Galleon Drive in Naples has been sold for a price of $46,800,000. The property spans 0.78 acres and offers a spacious 8,930 square feet of living space. The sale of this property was facilitated by Bill Earls and Larry Lappin of John R Wood Properties - Christie's International Real Estate.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $46,800,000
  • Address: 1672 Galleon Drive
  • Market: Naples
  • Asset Type: Single Family
  • Acres: 0.78

Bill Earls and Larry Lappin, representing John R Wood Properties - Christie's International Real Estate, played a pivotal role in the successful completion of this sale. The property, with its impressive features and prime location, attracted significant attention in the market.

Players

Bill Earls

John R Wood Properties

Broker

$98.1M

vol

4 deals

Broker

Naples 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93