Christopher B. Scott & Farrah Scott Sell Single Family In West Palm Beach For $4.35M
312 Monceaux Road
$4,350,000
$1,385/SF
Building Size
3,140 SF
Asset Type
Single Family
Closing
Mar 25, 2024
AI
Villa Monceaux, a timeless masterpiece located at 312 Monceaux Road in West Palm Beach's prestigious El Cid/Prospect Park area, recently sold for $4,350,000. The single-family property spans 3,140 square feet, achieving a price per square foot of $1,385. Designed by Christopher & Farrah Scott from Scott Homes and constructed in 2023, this home seamlessly blends classic architectural elements with modern luxury, setting a new standard in the market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,350,000
- Address: 312 Monceaux Road
- Market: West Palm Beach
- Seller: Christopher B. Scott & Farrah Scott
- Buyer's Rep: Lisa Mastronardi - Sotheby’s International Realty
- Seller's Rep: Farrah Scott - Douglas Elliman
The deal was facilitated by Lisa Mastronardi from Sotheby’s International Realty, representing the buyer, and Farrah Scott from Douglas Elliman, representing the sellers. Villa Monceaux embodies sophistication and offers a sanctuary for luxurious living, reflecting the vision of the talented designers Christopher & Farrah Scott. The property stands out as the highest-priced per square foot ever recorded in the 33405 area between Dixie Hwy and S Olive Ave, making it a remarkable acquisition in the market.
Players
West 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93