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Spencer Schlager Of Douglas Elliman Brokers $17.09M Sale Of Single Family Home In Palm Beach

Property Image
SOLD
$17,090,000

Florida

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Single Family6,190 SF
Sold 09/10/2024
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Property Image
SOLD

Spencer Schlager Of Douglas Elliman Brokers $17.09M Sale Of Single Family Home In Palm Beach

201 Dunbar Road

See Similar Deals
Single Family6,190 SF
Sold 09/10/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,760
Total Square Footage:6,190 SF
Transaction Type:Sale

201 Dunbar Road is a newly built single-family home located in Palm Beach, featuring 6,190 square feet of living space and set on 0.4 acres. The property, which sold for $17,090,000, translates to a price per square foot of $2,761. This 5-bedroom residence includes a detached guest house, high ceilings, dual primary bathrooms, and a full house generator, and is conveniently situated just one block from the beach.

Summary of transaction details:

The deal was facilitated by Spencer Schlager, representing the buyer through Douglas Elliman. Schlager played a significant role in the transaction, ensuring a successful sale of this luxury property.

Players

Spencer Schlager
Douglas Elliman
Spencer Schlager
13 deals$244.8M volume(310) 592-7761
BROKER

Details

SOLD
IMAGE: Spencer Schlager DATE: 09/10/2024 ADDRESS: 201 Dunbar Road MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.4 BROKER: Spencer Schlager (@SpencerSchlager) - Douglas Elliman (@DouglasElliman) SALE PRICE: $17,090,000 SF: 6,190 ~ PPSF: $2,761 NOTE: 201 Dunbar Road, a newly built 6,190-square-foot home in Palm Beach, sold for $17.09 million, or $2,761 per square foot, brokered by Spencer Schlager. The 5-bedroom house, with a detached guest house, features high ceilings, dual primary bathrooms, and a full house generator, located just one block from the beach.

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

$911,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,717.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,015.32
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