facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family

/

Sale

/

259 Queens Lane

Palm Beach Home On Queens Lane Sold For $6.63M To Lisa & Simon Van Den Born
SOLDSingle Family

Palm Beach Home On Queens Lane Sold For $6.63M To Lisa & Simon Van Den Born

259 Queens Lane

$6,628,462

Building Size

Asset Type

Single Family

Closing

Oct 30, 2023

AI

The Palm Beach home of the late Stephanie A. Wrightsman on Queens Lane has been sold for $6.63 million. The buyers, Lisa and Simon van den Born, purchased the four-bedroom property which features traditional Monterey-style architecture and offers 3,436 square feet of living space. Situated on a fifth of an acre in a prime North End location, the home was originally acquired for $159,600 in 1974.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $6,628,462
  • Address: 259 Queens Lane
  • Market: Palm Beach

Lisa and Simon van den Born are the buyers of the property. The purchase was facilitated by Austin Whitney McGurk and Liza Pulitzer of Brown Harris Stevens, who represented Lisa and Simon as their buyer's representatives. Tierney O'Hara from Sotheby's International Realty served as the seller's representative in the transaction.

Players

Liza Pulitzer

Brown Harris Stevens

Broker

$182.8M

vol

12 deals

Broker

Palm Beach 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

2.39%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93