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.
On the Map
$46,800,000
$5,240/SF
Single Family
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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