Updated Mar 18, 2025
Scott W. Hoffman Acquires Single Family Home At 218 Miraflores Drive From Vera Alfieri Monforte For $13.75M
218 Miraflores Drive
$13,750,000
$2,889/SF
Building Size
4,758 SF
Asset Type
Single Family
Closing
Mar 14, 2025
About this deal
AI
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.
On the Map
$13,750,000
$2,889/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.9K per square foot on a published $13.8M for 4,758 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93