Crystal Crosby Lahners Purchases Single Family Home From Steven K. Hudson For $16.5M
220 Brazilian Avenue
$16,500,000
$4,114/SF
Building Size
4,010 SF
Asset Type
Single Family
Closing
May 3, 2025
AI
The property asset involved in this transaction is a single-family home located at 220 Brazilian Avenue in the Palm Beach market. The residence encompasses an area of 4,010 square feet and sits on a 0.2-acre lot. It was sold for a transaction amount of $16,500,000, resulting in a price per square foot of $4,115.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,500,000
- Address: 220 Brazilian Avenue
- Market: Palm Beach
- Asset Size: 4,010 SF
- Price per SF: $4,115
- Acres: 0.2
- Buyer: Crystal Crosby Lahners
- Seller: Steven K. Hudson - ECN Capital Corp
- Buyer's Representative: Ashley Copeland - Brown Harris Stevens
- Seller's Representative: Christopher Leavitt - Douglas Elliman
This transaction was notable as it involved ECN Capital CEO Steven K. Hudson selling his property, which he previously purchased in 2023 for $14,350,000. The home was built in 2022 and features 4 bedrooms and 6.5 bathrooms, providing ample space for its new owner.
Players
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93