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2400 Cardinal Lane

Mia Manente Sells Palm Beach Gardens Home For $15.6M With Illustrated Properties
SOLDSingle Family

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

James Kenny

K2 Realty

Broker

$216.8M

vol

13 deals

Broker

Palm Beach Gardens 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93