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Slinkyglade LLC Acquires Single Family Home In Palm Beach For $12.4M

Property Image
SOLD
$12,400,000
Elizabeth DeWoody
Gary Pohrer

Florida

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Single Family3,524 SF
Sold 05/22/2024
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Property Image
SOLD

Slinkyglade LLC Acquires Single Family Home In Palm Beach For $12.4M

218 Everglade Avenue

See Similar Deals
Single Family3,524 SF
Sold 05/22/2024
Elizabeth DeWoody
Gary Pohrer
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,518
Total Square Footage:3,524 SF
Transaction Type:Sale

A single-family home located at 218 Everglade Avenue in Palm Beach has been sold for $12.4 million. The property spans 3,524 square feet, translating to a price per square foot of $3,519.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $12,400,000
  • Address: 218 Everglade Avenue
  • Market: Palm Beach
  • Square Footage: 3,524
  • Price per Square Foot: $3,519

The buyer of the property is Slinkyglade LLC, represented by Gary Pohrer from Douglas Elliman. The seller was represented by Elizabeth DeWoody from Compass.

Note: A house on Everglade Avenue, initially sold in early 2022 during construction, has been sold again for $12.4 million in Palm Beach.

Players

Gary Pohrer
Serhant
Gary Pohrer
43 deals$1.1B volume(561) 262-0856
BROKER
Elizabeth DeWoody
Compass
Elizabeth DeWoody
9 deals$120.9M volume
BROKER

Details

SOLD
IMAGE: Elizabeth DeWoody & Gary Pohrer DATE: 05/22/2024 ADDRESS: 218 Everglade Avenue MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Slinkyglade LLC BUYER'S REP: Gary Pohrer (@GaryPohrer) - Douglas Elliman (@DouglasElliman) SELLER'S REP: Elizabeth DeWoody (@Elizabeth_DeWoody) - Compass (@Compass) SALE PRICE: $12,400,000 SF: 3,524 ~ PPSF: $3,519 NOTE: A house on Everglade Avenue, initially sold in early 2022 during construction, has been sold again for $12.4 million in Palm Beach.

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

$661,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91