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Suzanne Frisbie Represents Buyer In $51.6M Sale Of Palm Beach Estate

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SOLD
$51,631,500

Florida

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Single Family10,126 SF
Sold 07/03/2024
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Property Image
SOLD

Suzanne Frisbie Represents Buyer In $51.6M Sale Of Palm Beach Estate

200 Via Palma

See Similar Deals
Single Family10,126 SF
Sold 07/03/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$5,098
Total Square Footage:10,126 SF
Transaction Type:Sale

A remodeled lakeside estate at 200 Via Palma in Palm Beach was sold for $51,631,500. The property, with a transformation from Palm Beach Regency to Mediterranean style, boasts 10,126 sq. ft. of space and 140 feet of Intracoastal Waterway frontage. It features a lakeside pool and extensive landscaping.

Summary of transaction details:

The deal's key individuals involved in this transaction were Jeanne S. Siegel as the seller, represented by Lawrence Moens of Lawrence A. Moens Associates, Inc. The buyer's representative was Suzanne Frisbie from The Corcoran Group. The property's sale showcased the seamless integration of Palm Beach Regency and Mediterranean architectural styles, creating a unique living space for the new owner.

Players

64 deals$2.4B volume(561) 655-5510
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Suzanne Frisbie
47 deals$1.4B volume
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Details

SOLD
IMAGE: Suzanne Frisbie DATE: 07/03/2024 ADDRESS: 200 Via Palma MARKET: Palm Beach ASSET TYPE: Single Family SELLER: Jeanne S. Siegel BUYER'S REP: Suzanne Frisbie (@FrisbiePalmBeach) - The Corcoran Group (@TheCorcoranGroup) SELLER'S REP: Lawrence Moens - Lawrence A. Moens Associates, Inc. SALE PRICE: $51,631,500 SF: 10,126 ~ PPSF: $5,099 NOTE: A remodeled lakeside estate at 200 Via Palma in Palm Beach sold for $51,631,500 million, featuring a transformation from Palm Beach Regency to Mediterranean style. The 10,126 sq. ft. property boasts 140 feet of Intracoastal Waterway frontage, a lakeside pool, and extensive landscaping.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,753,680.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$183,435.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$244,759.65
Annual Debt Service$2,937,115.81