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177 Commodore Drive

Dawn & Ric Duquès Purchase 177 Commodore Drive Jupiter Home From Rick Rieder
SOLDSingle Family

Dawn & Ric Duquès Purchase 177 Commodore Drive Jupiter Home From Rick Rieder

177 Commodore Drive

$14,000,000

$1,932/SF

Building Size

7,246 SF

Asset Type

Single Family

Closing

Jan 12, 2024

AI

The single-family property located at 177 Commodore Drive in Jupiter encompasses 0.48 acres. The transaction involved the sale of a 7,246 square foot home at a price of $14,000,000, which equates to $1,932 per square foot.

Summary of transaction details:

BlackRock CIO Rick Rieder sold his home in Admirals Cove, Jupiter, to retired First Data CEO Ric Duquès for $14 million. Rieder acquired the property for $3.5 million in 2014 and listed it for $15 million in 2022, eventually concluding the sale with Duquès.

Players

Robert Thomson

Waterfront Properties and Club Communities

Broker

$262.9M

vol

23 deals

Broker

Rick Rieder

Seller

$21.3M

vol

2 deals

Seller
BlackRock
BlackRockSeller
BlackRock
BlackRockLender

Jupiter 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93