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

Property Image
SOLD
$19,000,000
Liza Pulitzer
LM

Florida

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Single Family
Sold 03/06/2025
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Property Image
SOLD

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

231 Wells Road

See Similar Deals
Single Family
Sold 03/06/2025
Liza Pulitzer
LM
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Transaction Type:Sale

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

LM
Lawrence Moens
64 deals$2.4B volume(561) 655-5510
BROKER
Liza Pulitzer
Brown Harris Stevens
Liza Pulitzer
12 deals$182.8M volume
BROKER

Details

SOLD
IMAGE: Liza Pulitzer DATE: 03/06/2025 ADDRESS: 231 Wells Road MARKET: Palm Beach ASSET TYPE: Single Family SELLER: Jeffrey S. Hoffman BUYER'S REP: Liza Pulitzer (@Pulitzer_McGurk_Team) - Brown Harris Stevens (@BrownHarrisStevens) SELLER'S REP: Lawrence Moens - Lawrence A. Moens Associates SALE PRICE: $19,000,000 NOTE: Jeffrey S. Hoffman sold a five-bedroom Palm Beach home at 231 Wells Road for $19M, an $11.31M gain from his 2018 purchase. Lawrence Moens listed the property, while Liza Pulitzer and Whitney McGurk of Brown Harris Stevens represented the buyer, linked to two family trusts.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
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