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2291 Ibis Isle Road East

Romanov Group LLC Acquires Single Family Home In Palm Beach For $12.5M
SOLDSingle Family

Romanov Group LLC Acquires Single Family Home In Palm Beach For $12.5M

2291 Ibis Isle Road East

$12,500,000

$2,876/SF

Building Size

4,345 SF

Asset Type

Single Family

Closing

Feb 26, 2024

AI

The 4,345 square foot single-family property located at 2291 Ibis Isle Road East in Palm Beach was recently sold for $12.5 million. The sale price of $2,877 per square foot reflects the high-value nature of this contemporary-style home with stunning views of the Intracoastal Waterway.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $12,500,000
  • ACRES: 0.28
  • Address: 2291 Ibis Isle Road East
  • Market: Palm Beach

The Romanov Group LLC, managed by attorney Alexander Kochman, acquired the property. Representing the buyer were Isabella Kraver, Sasha Kraver & Valentina Kraver from Douglas Elliman. On the seller's side, the transaction was handled by Christopher Deitz & Michael Costello from Compass.

Players

Christopher Deitz

Compass

Broker

$181.1M

vol

8 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93