Sale Of 169 West Key Palm Road In Boca Raton For $18.5 Million By Brokers Dustin Nero & Senada Adzem
169 West Key Palm Road
$18,500,000
$2,061/SF
Building Size
8,975 SF
Asset Type
Single Family
Closing
Aug 23, 2024
AI
The estate at 169 West Key Palm Road is located in Boca Raton and sold for a total of $18.5 million. This single-family property spans 8,975 square feet, which translates to a price per square foot of $2,061. Situated on 0.35 acres, the residence includes six bedrooms and features luxury amenities such as 104 feet of deep-water dockage, an infinity-edge pool, and extensive outdoor entertainment spaces. The property was completed in 2021.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,500,000
- Market: Boca Raton
- Square Footage: 8,975
- Price per Square Foot: $2,061
- Acres: 0.35
- Brokers: Dustin Nero & Senada Adzem - Douglas Elliman
Dustin Nero and Senada Adzem represented the transaction as brokers from Douglas Elliman, facilitating the sale of this luxury estate in Boca Raton. Their involvement highlights the active participation of established professionals in high-value property transactions.
Players
Boca Raton 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93