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231 Wells Road

Jeffrey S. Hoffman Sells Palm Beach Home At 231 Wells Road For $19M With Buyer’s Rep Liza Pulitzer
SOLDSingle Family

Jeffrey S. Hoffman Sells Palm Beach Home At 231 Wells Road For $19M With Buyer’s Rep Liza Pulitzer

231 Wells Road

$19,000,000

Building Size

Asset Type

Single Family

Closing

Mar 6, 2025

AI

A single-family home located at 231 Wells Road in Palm Beach was sold for $19,000,000. The property features five bedrooms and was previously purchased in 2018 by Jeffrey S. Hoffman, who achieved an $11.31 million gain from the sale.

Summary of transaction details:

The negotiation involved Lawrence Moens listing the property, with Liza Pulitzer and Whitney McGurk representing the buyer in this transaction. Both brokers played a key role in facilitating this sale, which reflects a notable transaction within the Palm Beach market.

Players

Lawrence Moens

Broker

$2.4B

vol

64 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93