Mia Manente Sells Palm Beach Gardens Home For $15.6M With Illustrated Properties
2400 Cardinal Lane
$15,600,000
$2,770/SF
Building Size
5,631 SF
Asset Type
Single Family
Closing
May 29, 2024
AI
The single-family property located at 2400 Cardinal Lane in Palm Beach Gardens, spanning 0.8 acres, was sold for $15.6 million. The house, totaling 5,631 square feet, was once owned by Mia Manente, who recently completed the transaction.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,600,000
- SF: 5,631
- PPSF: $2,770
- Address: 2400 Cardinal Lane
- Market: Palm Beach Gardens
The sale was brokered by Vincent Marotta of Illustrated Properties, representing the seller, Mia Manente. On the buyer's side, James Kenny from K2 Realty facilitated the deal, marking a significant step forward for Manente after enduring legal battles and personal challenges in the past. Notably, Manente, formerly known as Filomena Tobias, had faced various public incidents and legal disputes following the death of her husband, hedge fund manager Seth Tobias.
Players
Palm Beach Gardens Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93