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:
- Property Type: Single Family
- Transaction Amount: $10,400,000
- Address: 314 Chilian Avenue
- Market: Palm Beach
- Square Footage: 4,195
- Price Per Square Foot: $2,479
- Buyer's Representative: James McCann - Premier Estate Properties
- Seller's Representative: Ashley Copeland - Brown Harris Stevens
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
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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