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Scott W. Hoffman Acquires Single Family Home At 218 Miraflores Drive From Vera Alfieri Monforte For $13.75M
SOLD
$13,750,000
Florida
See Similar DealsSingle Family4,758 SF
Sold 03/14/2025
SOLD
Scott W. Hoffman Acquires Single Family Home At 218 Miraflores Drive From Vera Alfieri Monforte For $13.75M
218 Miraflores Drive
See Similar DealsSingle Family4,758 SF
Sold 03/14/2025
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,889
Total Square Footage:4,758 SF
Transaction Type:Sale
The property asset involved in the transaction is a single-family home located at 218 Miraflores Drive in the Palm Beach market. This property was sold for $13,750,000.00 and encompasses a total of 4,758 square feet.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,750,000.00
- Address: 218 Miraflores Drive
- Market: Palm Beach
- Square Footage: 4,758.0
- Buyer: Scott W. Hoffman
- Seller: Vera Alfieri Monforte
- Broker: Christian Angle - Christian Angle Real Estate
The transaction highlights Scott W. Hoffman as the buyer and Vera Alfieri Monforte as the seller, facilitated by broker Christian Angle of Christian Angle Real Estate, who represented the seller in this deal.
Players
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LENDER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$733,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,850.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,182.01
Annual Debt Service$782,184.18
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