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314 Chilian Avenue

314 Chilean Ave LLC Purchases Palm Beach Single Family Home For $10.4M With James McCann & Ashley Copeland As Representatives
SOLDSingle Family

314 Chilean Ave LLC Purchases Palm Beach Single Family Home For $10.4M With James McCann & Ashley Copeland As Representatives

314 Chilian Avenue

$10,400,000

$2,479/SF

Building Size

4,195 SF

Asset Type

Single Family

Closing

Feb 14, 2025

AI

A 4,195-square-foot single-family asset located at 314 Chilian Avenue in Palm Beach has been sold for $10,400,000. The property, formerly part of the estate of Maudette Devenow, was initially listed for $16,490,000 in November 2023 before undergoing multiple price reductions.

Summary of transaction details:

An LLC managed by real estate investor Justin T. Daniels has completed the acquisition of the property. This transaction highlights the involvement of key brokerage representatives in the deal, with James McCann representing the buyer and Ashley Copeland representing the seller.

Players

James McCann

Premier Estate Properties

Broker

$541.1M

vol

22 deals

Broker
Premier Estate Properties
Premier Estate PropertiesBrokerage

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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93