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Stacey And David Goel Acquire Waterfront Estate In Jupiter From Arlene And Ronald Holden For $34M

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SOLD
$34,000,000

Florida

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Single Family24,320 SF
Sold 11/18/2024
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Property Image
SOLD

Stacey And David Goel Acquire Waterfront Estate In Jupiter From Arlene And Ronald Holden For $34M

209 Commodore Drive

See Similar Deals
Single Family24,320 SF
Sold 11/18/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,398
Total Square Footage:24,320 SF
Transaction Type:Sale

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:

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.

Players

Robert (Rob) Thomson
23 deals$262.9M volume
BROKER

Details

SOLD
IMAGE: Stacey Goel, Ronald Holden, David Goel, Arlene Holden & Robert Thomson DATE: 11/18/2024 ADDRESS: 209 Commodore Drive MARKET: Jupiter ASSET TYPE: Single Family ~ ACRES: 1.12 BUYER: Stacey Goel; David Goel - Matrix Capital Management SELLER: Arlene & Ronald Holden BROKER: Robert Thomson - Waterfront Properties and Club Communities (@WaterfrontProperties) SALE PRICE: $34,000,000 SF: 24,320 ~ PPSF: $1,398 NOTE: Looks like David Goel and his wife Stacey Goel will be moving down to Florida post dissolving his $11 billion hedge fund - Matrix Capital Management. The Goels purchased Ronald and Arlene Holden's 1.12-acre waterfront, 24,320-square-foot estate at 209 Commodore Drive in Jupiter’s Admirals Cove for $34 million, setting a local price record. Rob Thomson of Waterfront Properties & Club Communities represented both sides in the deal.

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

$1,813,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15