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169 West Key Palm Road

Sale Of 169 West Key Palm Road In Boca Raton For $18.5 Million By Brokers Dustin Nero & Senada Adzem
SOLDSingle Family

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:

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

Senada Adzem

Douglas Elliman

Broker

$657.6M

vol

28 deals

Broker

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