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209 Commodore Drive

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

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:

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 Thomson

Waterfront Properties and Club Communities

Broker

$262.9M

vol

23 deals

Broker

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