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174 Coconut Palm Road

M Sean Revocable Trust & M Beth Revocable Trust Acquire Boca Raton Mansion For $19M
SOLDSingle Family

M Sean Revocable Trust & M Beth Revocable Trust Acquire Boca Raton Mansion For $19M

174 Coconut Palm Road

$19,000,000

$2,491/SF

Building Size

7,627 SF

Asset Type

Single Family

Closing

Jun 11, 2024

AI

The property at 174 Coconut Palm Road in Boca Raton, a Single Family home spread over 0.75 acres, was sold for $19,000,000. The mansion, spanning 7,627 square feet, features five bedrooms and a lagoon-style pool. The transaction was facilitated by David Roberts of Royal Palm Properties.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $19,000,000
  • Address: 174 Coconut Palm Road
  • Market: Boca Raton
  • Square Footage: 7,627
  • Price per Square Foot: $2,491
  • Sellers: John S. Simoni & Barbara A. Simoni
  • Buyers: M Sean Revocable Trust and M Beth Revocable Trust
  • Trustee: Jonathan Bloom

The property, previously owned by John S. Simoni & Barbara A. Simoni, found new owners in the M Sean Revocable Trust and the M Beth Revocable Trust, with Jonathan Bloom serving as trustee for the trusts.

Players

David Roberts

Royal Palm Properties

Broker

$417.2M

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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93