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218 Everglade Avenue

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

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

218 Everglade Avenue

$12,400,000

$3,518/SF

Building Size

3,524 SF

Asset Type

Single Family

Closing

May 22, 2024

AI

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

Broker

$1.1B

vol

43 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

1.28%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93