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.
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