Updated Dec 4, 2024
Pompano Beach Luxury Home Sells For $10 Million With Buyer's Rep Gilles Rais of Coldwell Banker
2593 Southeast 8th Street
$10,000,000
$888/SF
Building Size
11,253 SF
Asset Type
Single Family
Closing
Oct 12, 2023
About this deal
AI
A Pompano Beach home recently sold for a record-breaking $10 million, emphasizing the strong demand for luxury properties in the area. This 11,253-square-foot single-family property is located along the intracoastal in Pompano Beach, spanning approximately 0.45 acres.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $10,000,000
- Address: 2593 Southeast 8th Street
- Market: Pompano Beach
- Area: 11,253 square feet
- Price per square foot: $889
The sale was facilitated by Deborah Goedde and James Balarillo from Metro Premier Properties, who represented the seller. On the buyer's side, Gilles Rais from Coldwell Banker served as the representative. This significant transaction has undoubtedly contributed to the growing interest in Pompano Beach's high-end housing market.
Players
Pompano Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $888 per square foot on a published $10M for 11,253 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93