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

Property Image
SOLD
$6,628,462

Florida

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Single Family
Sold 10/30/2023
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Property Image
SOLD

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

259 Queens Lane

See Similar Deals
Single Family
Sold 10/30/2023
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Summary

FLORIDA
Asset Type:Single Family
Transaction Type:Sale

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
12 deals$182.8M volume
BROKER

Austin Whitney McGurk
Brown Harris Stevens
2 deals$32M volume(561) 310-7919
BROKER

Tierney O'Hara
Sotheby's International Realty
1 deal$6.6M volume(561) 449-1212
BROKER

Details

SOLD
IMAGE: Liza Pulitzer, Austin Whitney McGurk & Tierney O'Hara DATE: 10/30/2023 ADDRESS: 259 Queens Lane MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Lisa & Simon van den Born BUYER'S REP: Austin Whitney McGurk (@WhitneymcgurkG) & Liza Pulitzer (@Pulitzer_McGurk_Team) - Brown Harris Stevens (@BrownHarrisStevens) SELLER'S REP: Tierney O'Hara - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $6,628,462 NOTE: The Palm Beach home of the late Stephanie A. Wrightsman on Queens Lane, purchased for $159,600 in 1974, has been sold for $6.63 million. The buyers, financial executive Simon van den Born and his wife Lisa, acquired the four-bedroom property, which boasts traditional Monterey-style architecture and 3,436 square feet of living space on a fifth of an acre in a prime North End location. 'sInternationalRealty

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$353,517.97

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,549.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,422.29
Annual Debt Service$377,067.50