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
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