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205 Via Tortuga

Jeremy Stewart Represents Overseas Buyer In $43.77M Palm Beach Single Family Sale
SOLDSingle Family

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

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.

Players

James McCann

Premier Estate Properties

Broker

$541.1M

vol

22 deals

Broker

Palm Beach 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

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93