Stacey And David Goel Acquire Waterfront Estate In Jupiter From Arlene And Ronald Holden For $34M
209 Commodore Drive
$34,000,000
$1,398/SF
Building Size
24,320 SF
Asset Type
Single Family
Closing
Nov 18, 2024
AI
The property asset involved in this transaction is a single-family estate located at 209 Commodore Drive in Jupiter, with a total area of 1.12 acres and a size of 24,320 square feet. The property was sold for $34,000,000, resulting in a price per square foot of $1,398.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $34,000,000
- Address: 209 Commodore Drive
- Market: Jupiter
- Acres: 1.12
- Square Footage: 24,320
- Price Per Square Foot: $1,398
- Buyer: Stacey Goel; David Goel - Matrix Capital Management
- Seller: Arlene & Ronald Holden
- Broker: Robert Thomson - Waterfront Properties and Club Communities
Both buyers, Stacey Goel and David Goel, are associated with Matrix Capital Management. The seller, Arlene and Ronald Holden, listed their property in a competitive market. Robert Thomson acted as the broker for both the buyers and the sellers in this record-setting transaction.
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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93