Updated Sep 5, 2024
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
About this deal
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
Naples Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $5.2K per square foot on a published $46.8M for 8,930 square feet (2023).
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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