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260 El Pueblo Way

David Khoury Acquires $8.775M Palm Beach Single Family From Kelly Jean & Stephen P. Master
SOLDSingle Family

David Khoury Acquires $8.775M Palm Beach Single Family From Kelly Jean & Stephen P. Master

260 El Pueblo Way

$8,775,000

$2,838/SF

Building Size

3,092 SF

Asset Type

Single Family

Closing

Sep 5, 2023

AI

A four-bedroom house located at 260 El Pueblo Way in Palm Beach has been sold for $8.775 million. The property spans over 0.29 acres and offers a total of 3,092 square feet. The sale price equates to approximately $2,838 per square foot.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $8,775,000
  • Address: 260 El Pueblo Way, Palm Beach
  • Market: Palm Beach
  • Acres: 0.29

The buyer of the property was David Khoury, a real estate businessman, representing Priderock Capital Partners. The seller included Kelly Jean and Stephen P. Master, who were represented by Gary Pohrer of Douglas Elliman. The buyer's representative in the deal was Aubrey Khoury from Brown Harris Stevens.

Notably, the house was previously purchased by Stephen P. Master in 2021 for $7.86 million. The transaction was successfully facilitated by Palm Beach real estate agent Gary Pohrer, leading to the sale of the property to David Khoury.

Players

Gary Pohrer

Serhant

Broker

$1.1B

vol

43 deals

Broker

David Khoury

Priderock Capital Partners

Buyer

$228.3M

vol

3 deals

Buyer
G
GTCRSeller
G
GTCRSeller

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93