Updated May 12, 2025
Darlene Luccio Jordan And Jerry Jordan Jr. Purchase Palm Beach Home From Ann And Lee Fensterstock For $15.15M
259 Merrian Road
$15,153,700
$3,129/SF
Building Size
4,842 SF
Asset Type
Single Family
Closing
Apr 29, 2025
About this deal
AI
This transaction involves a single-family home located at 259 Merrian Road in Palm Beach, encompassing an area of 0.38 acres. The sale price for the property was $15,153,700, with a total square footage of 4,842. The price per square foot is recorded at $3,130.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,153,700
- Buyer: Darlene Luccio Jordan & Jerry Jordan Jr.
- Seller: Ann & Lee Fensterstock
- Brokers: Dana Koch, Paulette Koch & Suzanne Frisbie - The Corcoran Group
- Lender: J.P. Morgan Chase
- Original Purchase Price by Seller: $4.7M in 2013
- Loan Amount: $10M from J.P. Morgan Chase
Jerry and Darlene Luccio Jordan are noted as the buyers, while Ann and Lee Fensterstock, the sellers, are identified as a spec developer. This transaction highlights the involvement of The Corcoran Group, represented by Dana Koch, Paulette Koch, and Suzanne Frisbie in facilitating the sale.
On the Map
$15,153,700
$3,129/SF
Single Family
View full map
Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $3.1K per square foot on a published $15.2M for 4,842 square feet (2025).
Visit Suzanne Frisbie to view all their deals.
Browse Palm Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93