facebook
Traded Co logo
Submit
Daily limit: 0/10

Palm Beach Single Family Home Sells For $12.5M With Agents Dragana Connaughton & Gary Pohrer

Property Image
SOLD
$12,500,000

Florida

See Similar Deals
Single Family4,841 SF
Sold 05/22/2024
the dealplayerscompscontact
Property Image
SOLD

Palm Beach Single Family Home Sells For $12.5M With Agents Dragana Connaughton & Gary Pohrer

257 West Indies Drive

See Similar Deals
Single Family4,841 SF
Sold 05/22/2024
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,582
Total Square Footage:4,841 SF
Transaction Type:Sale

A single-family home located at 257 West Indies Drive in Palm Beach was recently sold for $12,500,000. The property spans 4,841 square feet, translating to a price per square foot of $2,582. The transaction, which took place on 05/22/2024, involved Dragana Connaughton from Sotheby's International Realty representing the buyer, while Gary Pohrer from Douglas Elliman represented the seller.

Summary of transaction details:

The Palm Beach property, previously changing hands for $5.6 million in 2020, underwent significant renovations before being resold. The off-market transaction involved undisclosed enhancements by the buyer from the previous sale. The buyer's identity, as well as specific details regarding the property's improvements, have not been publicly disclosed.

Players

Gary Pohrer
41 deals$1.1B volume(561) 262-0856
BROKER

Dragana Connaughton
Sotheby's International Realty
1 deal$12.5M volume(561) 379-5467
BROKER

Details

SOLD
IMAGE: Dragana Connaughton & Gary Pohrer DATE: 05/22/2024 ADDRESS: 257 West Indies Drive MARKET: Palm Beach ASSET TYPE: Single Family BUYER'S REP: Dragana Connaughton (@DraganaSothebys) - Sotheby's International Realty (@SothebysRealty) SELLER'S REP: Gary Pohrer (@GaryPohrer) - Douglas Elliman (@DouglasElliman) SALE PRICE: $12,500,000 SF: 4,841 ~ PPSF: $2,582 NOTE: A Palm Beach house, previously sold for $5.6 million in 2020, was recently acquired for $12.5 million after significant renovations. The property, managed by Douglas Elliman Real Estate agent Gary Pohrer, underwent extensive remodeling by the buyer from the previous sale, with the transaction completed off-market, while details about the buyer's identity and the property's enhancements remain undisclosed.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$666,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53