Updated Dec 4, 2024
Jeremy Stewart Represents Overseas Buyer In $43.77M Palm Beach Single Family Sale
205 Via Tortuga
$43,770,000
$3,962/SF
Building Size
11,047 SF
Asset Type
Single Family
Closing
Apr 30, 2024
About this deal
AI
A newly constructed house in Palm Beach's Phipps Estates enclave, located at 205 Via Tortuga, was sold for $43.77 million to an overseas buyer. The property, developed on speculation by Malasky Homes, features French country-style architecture, five bedrooms, and a detached guest house. Situated on nearly an acre of land, the property boasts 13,523 square feet of living space.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $43,770,000
- Address: 205 Via Tortuga
- Market: Palm Beach
- Asset Type: Single Family
- Acres: 0.82
Jeremy Stewart of Park View Realty in Jupiter represented the overseas buyer in the transaction, which closed on April 30. The seller was represented by James McCann of Premier Estate Properties.
On the Map
$43,770,000
$3,962/SF
Single Family
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93